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Chinese Cities Introduce Curbs to Cool Overheated Property

  • Several cities imposed tightening measures over three days
  • Higher down payments, purchase limits among new measures
Commercial and residential buildings stand under construction near existing structures in Chengdu, Sichuan Province, China.
Photographer: Nelson Ching/Bloomberg
Updated on

Local governments in nine Chinese cities tightened rules for home purchases over the past three days in a bid to damp resurgent demand and rein in excessive speculation.

Beijing, Chengdu, Hefei and Suzhou are among Chinese hubs that have implemented curbs to cool home prices. Authorities in those metropolitan areas introduced measures ranging from raising down-payment requirements for both first and second homes to ruling some potential buyers ineligible.