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Chinese Cities Lower Home Purchase Threshold-Herald

CHINA PRESS
MNI (Singapore)

More Chinese cities are relaxing home purchase restrictions by making it easier for people without local household registration to enter their local property markets, in a bid to boost home sales, the 21st Century Business Herald reported. Some major cities including Dongguan, Wuhan, Jinan and Dalian have allowed non-local residents to purchase homes in non-restricted areas, the newspaper said. To further stimulate the market, mortgage interest rates and loan policy could be further eased, as well as issuing home purchase or deed tax subsidies, the newspaper said citing analysts.

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