China’s Hottest Property Market Imposes Curbs to Cool Prices

Updated on
  • Halts selling residences to buyers depending on home ownership
  • Curbs become effective from Sept. 5 to the end of next year

Xiamen, a port city in eastern Fujian province, will suspend selling homes to local buyers who already own two residences, and will ban non-residents from buying a second house.

Photographer: Zhang Peng/LightRocket via Getty Images

China’s southern Xiamen city, where home-price gains led the nation last month, banned some buyers from purchasing homes, joining larger hubs in trying to cool soaring property prices.

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