Wuxi Increases Restrictions On Multiple Home Purchases

Via reuters.com

BEIJING May 21 The government of eastern Chinese city Wuxi said on its official weibo microblog that effective on Saturday (May 20):

* Will suspend second-hand home sales to people without local household registrations who already own one or more homes.

* Will restrict individuals from transferring property ownership within two years of receiving a deed; will restrict corporate entities from transferring ownership for three years Source text in Chinese: [bit.ly/2qDFt8Y] (Reporting by Jake Spring)

* Fitch says Chinese leasing companies’ rapid growth set to continue

 

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.