Chengdu Scraps Homebuying Limits in Certain Districts

What’s new: Chengdu, the capital of southwestern China’s Sichuan province, joined a raft of second-tier cities in scrapping home purchase limits in certain areas to help bolster the ailing property market.

The city of nearly 10 million people dropped purchase limits in five districts and relaxed restrictions in seven others, according to a notice issued Tuesday by the city’s housing and urban-rural development bureau.