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Twenty-one cities rein in property market

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

Wuhan, Hubei province

Dates of policy release: Oct 2, 2016 and Oct 5, 2016

Highlights of the policies:

In certain districts of Wuhan, housing loans will not be issued for the purchase of a third house by local residents and the purchase of a second house by non-local residents.

The down payment for first home buyers should be no less than 30 percent, according to a new circular issued on Oct 5.

Twenty-one cities rein in property market

A realty agent stands beside the sand table of a property project in Wuhan, Central China's Hubei province, Sep 10, 2016. [Photo/IC]

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