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Twenty-one cities rein in property market

(chinadaily.com.cn) Updated: 2016-10-12 07:06 Comments

Wuxi, Jiangsu province

Date of policy release: Oct 2, 2016

Highlights of the policies:

Non local residents are prohibited from purchasing a second house. The down payment for second homebuyers should be no less than 40 percent.

Twenty-one cities rein in property market

A view of a community of government-subsidized housing in Wuxi, East China's Jiangsu province, Dec 20, 2012. [Photo/IC]

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