RIGHT BG
The housing department of Haikou, capital of South China's Hainan Province has canceled housing purchasing restrictions for the commercial residences since Friday, news portal 163.com reported Wednesday.
According to the new rules, homebuyers do not need to submit documentary proof of how many residences they possess before buying a new one.
Haikou is the second city to reportedly loosen restrictions on housing purchase within a week after Suzhou in East China's Jiangsu Province. So far, nearly 30 cities have loosened controls over home purchase.
Prepare for pop of property bubble
2014-05-05Property bubble burst foreseen
2013-11-11Property weakness overhangs recovery
2014-06-14China‘s property market continues to cool off in May
2014-06-13China‘s property climate index drops in May
2014-06-13RRR cut won‘t aid property market
2014-06-11Protests in vain as property market weakens
2014-06-05Govt curbs on property speculation to continue
2014-06-05Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
