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China Toughens Housing Policy as Shenzhen Imposes More Curbs

  • Shenzhen slaps three-year delay on flipping properties
  • Politburo reiterates determination to keep lid on home prices
Views Of Shenzhen Ahead Of China Property Price Numbers
Photographer: Brent Lewin/Bloomberg
Updated on

Chinese authorities dashed hopes they’re set to ease up on a campaign to tame housing prices, with the southern city of Shenzhen imposing strict new curbs on property speculators and the central government signaling a tougher stance.

Home owners in Shenzhen will have to hold a property for at least three years before being allowed to sell, according to a statement on the city government’s website late Tuesday. Local authorities also suspended home purchases by corporations and organizations, a popular loophole to bypass buying restrictions.