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Home Purchase Limits Likely To Relax In 2024

CHINA PRESS
MNI (Singapore)

First-tier cities are still likely to relax home purchase limits in suburban areas next year, while more major second-tier cities may completely lift purchase restrictions, alongside more smaller cities issuing housing subsidies to boost sales, financial news agency Cls.cn reported citing analysts. In 2024, authorities will focus on promoting affordable housing and urban village renovation, increasing financing support for developers and stabilising sales by reducing housing transaction taxes and fees and subsidising home purchases by families with multiple children.

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