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UPDATED: Chinese city Kaifeng reverses decision to lift home sales restrictions

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The city of Kaifeng in central China’s Henan province has reversed a decision to remove home sales restrictions, saying it had failed to assess the full market impact of the move, according to a statement released by the local government on Saturday.

One day earlier, the local housing regulator confirmed media reports that the city had lifted a rule that prohibits homeowners from selling their properties for at least three years after the purchase.

The city's move to . . .

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