Shenzhen tightens property restrictions to curb speculation, cool overheating market
Shenzhen tightens property restrictions to curb speculation, cool overheating market

Shenzhen tightens property restrictions to curb speculation, cool overheating market

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

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 payment or social security contributions, according to a statement released the city's Housing and Construction Bureau on Wednesday. Families . . .

Sign In or Subscribe To Get Full Access.

 

Everything on The Wire.

We Cover China Market In Real-Time Mode. Follow Us To Stay Updated!

 

TRY FOR FREE. 

Subscribe Now! 

Easy Cancel Anytime

 

Not ready for full subscription?

Sign Up For Free Weekly China Market Highlights HERE!