Property News · May 27, 2020

China stymies ‘experiments’ aimed at whipping up housing market frenzy in many cities facing budget squeeze


Homebuyers in China are facing more policy flip-flops, as Beijing frowns on attempts by local governments in at least a dozen cities to whip up a property market frenzy, bolster land sales and jump-start growth.Wuwei, a city of about 1 million people in the eastern Anhui province, issued new policies on May 20, including allowing owners to resell their properties without complying with a minimum two-year holding period.The measures were aimed at energising a “healthy development of the…

Source : South China Morning Post
Read more…China stymies ‘experiments’ aimed at whipping up housing market frenzy in many cities facing budget squeeze

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