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

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

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 . . .

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