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Chinese city Heze relaxed home purchase restrictions

A Chinese city in eastern China's Shandong province loosened home purchase restrictions on Tuesday, sparking an expectation for a wider policy loosening for the sector to boost the economy faced with a domestic slowdown and trade tensions with the United States.

Heze city in eastern China's Shandong province has scrapped the requirement for minimum holding period on home buyers who want to resell houses, according to a document released by the municipal government on Tuesday.

Heze is the first city in China that has relaxed home purchase restriction since the country kicked off the latest round of restrictions . . .

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