More major Chinese cities remove all restrictions on home purchase, resale to revive sluggish housing market

 

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Jinan and Qingdao, two of the largest cities in China’s second-most populous province of Shandong, said homes in all areas of the cities are allowed to be put on the market, according to the statement released by the local governments.

Qingdao previously limited the number of homes that could be purchased in two districts. Jinan had similar measures.

Last week, three cities – Nanjing in eastern Jiangsu province and Dalian and Shenyang in northeastern Liaoning province – became the first group of major cities to remove curbs on home buying.

Jiaxing city, a relatively small city in the eastern province of Zhejiang, announced it would lift all curbs in the city in late August. It previously limited the number of homes non-local residents could buy in the city.