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Tier-one Cities To Relax Housing Rules Soon

CHINA PRESS
MNI (Singapore)

First-tier cities will release detailed measures soon to prop up the property market in response to top policymakers’ call to adjust housing policies. Tier-one cities including Beijing, Shenzhen and Guangzhou said during the weekend they will support home purchases to meet essential dwelling demand and needs for better housing. Analysts expect tier-one cities may adopt “one district one policy” rules to relax local housing markets gradually as the principle of “housing is for living, not for speculation” remains. (Source: Yicai)

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