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Housing Restrictions Stepped Up in Key Cities in Beijing-Tianjin Area

Housing construction is visible in the Tongzhou district of southeast Beijing in August 2015. The district said Tuesday it will form a joint working group with two nearby cities — the Wuqing area in Tianjin and Langfang in Hebei province — to crack down on property speculation across the three areas and on real-estate agencies that have been involved in irregular promotional activities. Photo: Visual China
Housing construction is visible in the Tongzhou district of southeast Beijing in August 2015. The district said Tuesday it will form a joint working group with two nearby cities — the Wuqing area in Tianjin and Langfang in Hebei province — to crack down on property speculation across the three areas and on real-estate agencies that have been involved in irregular promotional activities. Photo: Visual China

(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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