Caixin
Dec 20, 2018 10:13 PM
ECONOMY

More Cities Join Parade of Property Deregulation

The Huafa New Town residential area of Zhuhai, Guangdong province, is seen in June 2017. Photo: VCG
The Huafa New Town residential area of Zhuhai, Guangdong province, is seen in June 2017. Photo: VCG

* Guangzhou on Thursday eased one of its restrictions, which had banned property developers from selling to individuals new apartments built on commercial land

* Many economists predict that more local property deregulation is on the way, as the country’s economy continues to slow

(Beijing) — More and more cities in China have joined the parade of local governments rolling back tough controls on local real estate markets, official documents show, revealing growing official concern about the weakening economy.

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