More than 100 cities relaxed Hukou restrictions this year, boosting real estate demand
More than 100 cities relaxed Hukou restrictions this year, boosting real estate demand

More than 100 cities relaxed Hukou restrictions this year, boosting real estate demand

 

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China’s housing market is shaking off the coronavirus impacts as a gradual economic recovery and the further relaxing of household registrations, or the so-called Hukou, are boosting demand.

Last month in Hangzhou, almost 60,000 prospective buyers flooded onto the registration website of Xixi Mansion for a chance to buy one of 959 apartments. The wave of interest crippled the website, prompting developer Sino-Ocean Group Holding Ltd. to rent an internet cafe to process applications overnight.

In Nanjing, prospective buyers wearing face masks lined up outside a convention center this month, competing . . .

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