The city of Zhangjiagang in eastern China's Jiangsu province removed restrictions on home resale on Tuesday but reversed the decision one day later.
The policy reversal came after several Chinese cities eased real estate restrictions in recent months and the statement of a key policy meeting last week removed the expression on housing restrictions, sparking speculations of possible easing of property policies.
Zhangjiagang introduced the restrictions in August 27 2017, which banned home buyers . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In