Chinese Cities Accelerate Push To Stimulate Housing Markets: Times

Smaller cities in China will accelerate policies to stimulate housing demand, including removal of home purchase limits, easier loan rules and lower down payment ratios for second homes, the Securities Times reported citing Ding Zuyu, head of Shanghai E-House Real Estate Research Institute. Key big cities may moderately unbundle control policies but it is hard to give up their home purchase limits, the newspaper cited Ding as saying. Several second-tier cities including Wuxi and Xuzhou, have relaxed real estate market policies during the May Day holiday following a Politburo meeting in end-April that set the tone, the newspaper said.