Property News · March 11, 2020

Shenzhen eases housing rules for builders to avert liquidity crunch as home sales crash amid viral outbreak


Shenzhen is rushing new measures to help the city’s developers avert a liquidity crisis amid the coronavirus outbreak, helping to soften the blow to new home sales the past two months.The Housing and Construction Bureau said home projects with pre-sale certificates can reopen their showrooms to prospective buyers, easing the restrictions imposed since late January to contain the viral outbreak, according to a statement issued on Wednesday. It is also easing other rules relating to project…

Source : South China Morning Post
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