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Another city introduces new real estate restrictions

The city of Suzhou in eastern China's Jiangsu province announced new property restrictions after surging home sales and land sales raised concerns. Recently, an increasing number of major Chinese cities are tightening controls on the real estate sector following signs of warming housing markets.

Suzhou will implement new property curbs that restrict buyers of new houses in some districts of the city from selling their property within three years, according to a statement released by the local government on Saturday.

The new rules will apply to districts including Suzhou Industrial Park area, it said, adding that buyers of second . . .

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