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New property rules to cool China real estate market

Posted on 02 April 2013

Beijing and Shanghai on Saturday announced detailed regulations following the central government’s recent policies to further cool down the real estate market. In Beijing, single adults with the capital’s hukou - registered permanent residence - are allowed to purchase only one apartment, as opposed to two previously.
“The move is aimed at meeting the needs of self-occupancy home buyers, given the limited supply. It will also help to curb investment-oriented purchase,” said Wang Rongwu, deputy director of Beijing Municipal Commission of Housing and Urban-Rural Development………………………………………..Full Article: Source


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