Dec 27, 2022 08:32 PM

BUSINESS

Southern Chinese City Abolishes Homebuying Limits to Boost Demand

By Wang Jing and Guo Yingzhe

Dongguan in South China’s Guangdong province has abolished restrictions on who can buy properties. Photo: VCG

Dongguan in South China’s Guangdong province has abolished restrictions on who can buy properties. Photo: VCG

A metropolis in South China’s Guangdong province has abolished restrictions on who can buy properties and how many they can purchase as large cities step up demand-side support to restore sluggish market confidence.

Dongguan, a city with a population of 10 million, announced Monday that homebuying restrictions in five downtown districts will be suspended, building on a previous policy that scrapped the curbs in other areas of the city.

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