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Twenty-one cities rein in property market

(chinadaily.com.cn) Updated: 2016-10-12 07:06 Comments

Nanchang, Jiangxi province

Date of policy release: Oct 8, 2016

Highlights of the policies:

The city will halt new house sales to local residents who have owned one or more than one house. It will halt the sales of new houses and second-hand houses to non-local residents who have owned one or more than one property. The down payment for first time home buyers should be no less than 30 percent.

Twenty-one cities rein in property market

Night view of the twin towers of the Jiangxi Nanchang Greenland Central Plaza in Nanchang city, East China′s Jiangxi province, March 24, 2016. [Photo/IC]

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