Property News · July 25, 2019

Suzhou tightens property curbs for the fourth time in 2019 as overheating home market has defied policies to cool prices


Suzhou, a city near Shanghai of interlocking canals and waterways, has tightened its real estate regulations for the fourth time this year, as the city’s overheating home market defied policies to bring affordability within reach.The local government doubled the tax return period in the city – an eligibility criterion for immigrant buyers of Suzhou’s homes – to two years, and broadened its jurisdiction to the entire city, including the Kunshan and Taicang counties, according to a Wednesday…

Source : South China Morning Post
Read more…Suzhou tightens property curbs for the fourth time in 2019 as overheating home market has defied policies to cool prices

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