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Xi’an rolls out new property restrictions amid surging home prices

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The city of Xi'an in northwestern China’s Shaanxi province announced new property restrictions after the city's new home prices rose for 39 straight months as a result of two years' efforts to loosen restrictions on household registration to attract talents.

Home buyers are required to have local household registration, or hukou, for at least one year, or have more than 12 months' social security insurance record, according to a document released by the municipal government on Thursday . . .

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