| The Chinese government has banned low-income families from reselling apartments they had bought earlier at subsidised rates. Resale of these apartments, usually smaller than 600 square metres, now has to be done only to the government, officials with the Beijing Municipal Commission of Housing and Urban-rural Development said.
This is Beijing’s second attempt to cool the real estate market. Last February, it had banned local registered families from buying a third apartment and non-local city registered families from buying a second apartment...............................................Full Article: Source
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