Property News · August 1, 2018

Shenzhen steps up property buying curbs as Beijing moves to boost growth


Shenzhen has slapped on more property purchase curbs as first-tier mainland Chinese cities show no sign of easing controls on the sector despite Beijing’s shift towards a more vigorous fiscal policy to boost growth.
The new measures announced on Tuesday to target property speculators included restricting property owners to sell their flats for three years after purchase, banning purchases by companies and organisations to plug a loophole to skirt current restrictions, and tightening loan…

Source : South China Morning Post
Read more…Shenzhen steps up property buying curbs as Beijing moves to boost growth

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