Guangzhou, a major city in southern China, has taken a significant step in the real estate sector by fully removing restrictions on the purchase of homes larger than 120 square meters. This move positions Guangzhou as the first tier-one city to notably ease curbs on buying larger properties. The policy change is aimed at supporting the sluggish housing market. Following Guangzhou's lead, other major Chinese cities such as Suzhou and Shanghai have also relaxed home-buying restrictions to stimulate property sales amid a delay in the sector's recovery.
Chinese Major Cities Ease Home Purchase Limits to Boost Sales https://t.co/3LMnTgJHUj
Chinese major cities ease home purchase limits to boost sales https://t.co/S5bcFaMdiS https://t.co/2gGq0iEbRL
⚠️ CHINESE MAJOR CITIES EASE HOME PURCHASE LIMITS TO BOOST SALES (Reuters) Two of China's major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying restrictions, in an effort to boost property sales as persistent weakness in confidence delays a recovery in… https://t.co/Zg6GVO5Yf9
#Guangzhou becomes first tier-one city to significantly relax restrictions on purchases of larger homes to support sluggish housing market https://t.co/FLWKTixPGh
#China's southern metropolis #Guangzhou fully removed restrictions on purchases of homes with floor area more than 120 sqm, becoming first tier-one city to significantly relax home purchase curbs. https://t.co/haGgRmRP6L