Housing Restrictions Stepped Up in Key Cities in Beijing-Tianjin Area
(Beijing) — Key cities surrounding Beijing have seen new housing restrictions rein in the resale of new homes recently in a bid to curb speculation from further raising real estate prices.
Chengde, a third-tier city 230 km north of Beijing, published new rules Monday stipulating that nonlocal buyers are allowed to resell their new homes only two years after they receive the property deed — a restriction mainly targeting speculative buyers from outside areas. Nonlocal new-home buyers in the Baigou district of Baoding, a city near the Xiongan New Area, have to wait five years to resell their residences after receiving the property deed.
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