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More Chinese cities are tightening restrictions on home purchase and resale after rapid growth of home prices have raised concerns. Analysts believe that, as the top authority called for a stable housing market in several occasions recently, other Chinese cities with overheating housing markets will also tighten property curbs.
Shenyang, capital city of northeastern China's Liaoning province, announced a package of measures to cool the real estate market, according to a document released by the local government on Sunday.
As the highlight of package, the city raised the minimum down payment requirement for second . . .
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