Shenzhen Curbs Home Purchases, South China Morning Post Reports

Shenzhen has introduced greater restrictions on home purchases to help cool the property market, the South China Morning Post reported, citing a statement from the local government.

Families with residency status are now limited to the purchase of two homes and those without a permit are allowed to buy one if they can show they have paid taxes in the city for at least a year, the newspaper reported.

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