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Some Chinese cities have tightened real estate restrictions as the housing markets showed overheating signs, after monetary easing policies and relaxation of residency permits fed a demand surge.
Hangzhou city, capital of eastern China's Jiangsu province and home to the e-commerce giant Alibaba Group, recently imposed new restrictions on property transactions, becoming the first major Chinese city to take such step since the coronavirus outbreak began.
People deemed as “high-end talent,” who have long enjoyed fewer home purchase restrictions, could not resell their homes for five years, according to a statement released . . .
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