Caixin
May 18, 2022 06:59 AM
ECONOMY

Three Tough-to-Crack Housing Markets Relax Homebuying Controls

China’s property market, an important pillar of the economy, has been in a slump for almost a year
China’s property market, an important pillar of the economy, has been in a slump for almost a year

Some of China’s cities with the strictest homebuying controls are now relaxing policies and jumping on the bandwagon to bolster the ailing real estate sector as the central government steps up support.

Hangzhou in eastern China’s Zhejiang province, Chengdu in the southwestern Sichuan province and Haikou in the southern tropical island of Hainan were the latest to revise policies to benefit homebuyers this week, joining a parade of more than 100 cities that have rolled out supportive measures this year.

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