Property News · May 24, 2017

Beijing eases previous ban on flats sold on commercial land


Beijing has lifted a ban prohibiting local property agencies from marketing and selling previously-owned apartments built on land zoned for commercial or office use, bowing to public pressure following weekend protests from homeowners.
The Housing and Urban-rural Development Commission issued a statement on Tuesday evening saying that apartments purchased before March 26 can be listed and sold via local property agencies.
The policy is an apparent softening of restrictions imposed in March…

Source : South China Morning Post
Read more…Beijing eases previous ban on flats sold on commercial land

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