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China’s Zhuhai Won’t Grant Licenses For High Price Home Sales

Nov. 1 (Bloomberg) -- Zhuhai city in the southern Chinese province of Guangdong won’t grant licenses for advance sale of homes if prices exceed 11,285 yuan per square meter, according to a statement on the city government’s website.

The city will allow only one new home purchase per family in the city’s central district, the statement said.

Link to Company News:{PRCH CH <Equity> CN <GO>}

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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