Property News · January 9, 2019

Haikou city imposes fresh housing restrictions, dampens hopes of policy loosening in China’s property market


Haikou city in China’s southern Hainan province introduced a fresh round of restrictions on the sale of homes on Wednesday, weeks after three cities on the mainland eased their housing policies amid headwinds.
According to Shanghai Securities News, companies cannot buy homes and only residents who moved to the city before April 22, 2018 can buy more than one home. Official documents also reiterate strict compliance to prices agreed by the government. The Haikou government did not respond…

Source : South China Morning Post
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