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Xining revokes housing restrictions
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THE northwestern Chinese city of Xining has joined dozens of others nationwide to scrap housing purchase restrictions in a bid to boost property markets, local authorities said yesterday.
The housing security and management bureau in Xining, capital of Qinghai Province, lifted its 3.5-year-old curbs on housing purchases ahead of “Golden September and Silver October,” usually the busiest months for property sales.
There will be no restrictions on the number of houses people can buy, and home purchases will be open to both locals and non-locals, the bureau said.
The city set home purchase rules in early 2011 allowing locals to own a maximum of two houses and limiting non-locals to one.
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