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Tangshan city introduces home resale restriction to rein in property speculation

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Tangshan city in northern China's Hebei province rolls out home resale restrictions in a move to rein in property speculation and prevent the local housing market from overheating.

The municipal government imposed a 42-month resale ban, in which, homeowners are not allowed to resell their property within 42 months after purchase, according to a document released by the local authority on Friday. The new rule will apply to newly built housing units purchased after Jan . . .

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