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Shenzhen tightens property restrictions to curb speculation, cool overheating market

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Chinese city of Shenzhen introduced new restrictions on home purchases in a fresh move to curb speculation and cool an overheating market, making it the fourth major Chinese city to tighten property policy since the coronavirus outbreak began.

Residents with local household, or the so-called Hukou, will be only be allowed to buy a home if they have held the Hukou for more than three years and have at least three years' record of local tax . . .

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