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Guangzhou, Shenzhen latest cities to impose property cooling rules

Home buyers in Shenzhen to pay downpayment of 30%; Guangzhou caps purchases to 2 properties


CHINA'S southern megacities of Guangzhou and Shenzhen are the latest centres to roll out new measures to cool their overheated real estate markets, including higher mortgage downpayments and home purchase restrictions.

A property boom has given a welcome boost to China's...