Chinese cities Chengdu, Zhengzhou restrict property purchases

Chinese cities Chengdu, Zhengzhou restrict property purchases
 

Chinese cities Zhengzhou and Chengdu have announced new restrictions on property purchases, the latest among second- and third-tier cities across the country to try to cool soaring home prices.
Residents of the inland city of Zhengzhou who already own two properties and non-residents who own one will now only be able to buy homes larger than 180 square meters (1,938 square feet), according to a notice posted on the local government's website late on Saturday.
In Chengdu, the capital of southwest Sichuan province, prospective buyers will only be allowed to purchase one property in certain... read more

 
2 October 2016 in Business, Views: 53
Source: Reuters
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