Dongguan city tightens property curbs for the second time in a month

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Dongguan city in southern China's Guangdong province announced new real estate restrictions for the second time within a month to crack down on speculation as the city's housing market heats up.

Non-local residents, or those without local household registration Hukou, are required to provide at least one year's record of social security contribution to buy the first house, according to a statement released by the local government on Friday. The new rules will take effect from July 25.

Those who want to buy a second house in the city are required . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE