| 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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