Beijing Limits Home Purchases After Government Curbs, CCTV Says

Beijing will ban residents from buying more than two homes after the Chinese government extended property curbs to prevent a housing bubble, China Central Television reported.

Local residents will be limited to two homes and non-locals will be allowed to buy only one property, CCTV said. Non-Beijing residents also need to provide five years of tax documentation to buy residential properties, the state-owned broadcaster said.