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More Cities To Relax Home Purchase Limits

CHINA PRESS
MNI (Singapore)

More Chinese cities, including some first-tier cities, are expected to relax or remove home purchase restrictions to prop up the housing market, the Securities Daily reported citing Tongce Research Institute research director Song Hongwei. Qingdao in Shandong province, has become the third key second-tier city to relax home purchase restrictions this month, following Ningbo and Suzhou. Only two main districts in Qingdao will continue with purchase limits, while for non-restricted areas, homebuyers are allowed to purchase more than 3 homes. Since the beginning of the year, 29 cities have relaxed restrictions on home purchases the newspaper calculated.

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