Posted inChengdu, China, Shanghai

Cities move to upgrade restrictions on home purchasing

Shenzhen, Hangzhou, Xi’an, Chengdu and 11 other cities in China have put forward new rules to combat growing speculation in the housing market, signalling the launch of a new crackdown, reported. On March 31, the Hainan provincial government imposed a purchase limit, which stipulated that non-local residents could only purchase one unit of housing, […]