17 November 2018

Home purchase curbs may be eased this year, paper says

Several key cities are seeking approval to lift certain restrictions on home purchases, suggesting China’s four-year-old clampdown on the property market may be eased this year, Shanghai Securities News reported Wednesday. Among these cities are Wenzhou, Changsha and Hangzhou. They have applied to their respective provincial administrations to relax mortgage curbs on second-home purchases, among others, in a bid to stabilize prices. March home prices in 100 major cities rose an average of 0.38 percent from February, China Index Academy data shows. That was the 22nd consecutive month of increase since June 2012 but the pace has been slowing, the report said.

– Contact HKEJ at [email protected]



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