First Two Cities to End All Home Purchase Curbs See Sales Increase

(Beijing) – Two large cities that canceled all local government restrictions on home purchases recently have seen a sharp increase in sales, data from the government and a research institute show.

A total of 1,235 homes were sold from June 13 to July 13 in Hohhot, the capital of the northern region of Inner Mongolia, up 43 percent compared to the preceding 30-day period, data from the city's housing administration bureau show.