21 September 2018

Wuhan tightens grip on housing market, Xinhua says

The Wuhan municipal government has unveiled seven measures to tighten regulation of the local property market, Xinhua news agency reported over the weekend, citing a city official. Non-local residents who wish to purchase a flat in Wuhan must have made contributions to the social security fund for at least two years, up from just one year previously, while the down-payment ratio for the purchase of a second home will also be raised, the report said.

– Contact HKEJ at [email protected]




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