Home
» City specials
» Hangzhou
Home ban lifted
Print Edition
HANGZHOU became the first city in Zhejiang Province to ease its home purchase restrictions.
From July 29, buyers will not have to show proof of home ownership when buying houses in the city’s Xiaoshan and Yuhang districts, the Hangzhou Housing Security and Management Bureau said. The home-purchase curbs were also lifted for people buying houses measuring more than 140 square meters in downtown areas.
On the first day when the restrictions were lifted, sales of new apartments in Hangzhou downtown, Xiaoshan and Yuhang districts amounted to 765 million yuan (US$124 million).
Wenzhou and Ningbo also followed suit. About 20 cities, mostly second and third-tier cities, have lifted or eased restrictions on home purchasing, which were introduced in 2010 as a tool to cool the property market.
China’s housing market was slack in the first half of this year due to tightened credit at banks and a cautious mood among buyers and developers.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
