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Property purchase restrictions to affect additional lower-tier cities

By Hu Yuanyuan | China Daily | Updated: 2011-07-15 07:56

Property purchase restrictions to affect additional lower-tier cities

People move into a social housing project in Chongqing. Nelson Ching / Bloomberg

BEIJING - China will restrict house purchases in more second- and third-tier cities that witness excessive property price growth, reflecting its determination to avert a speculative real estate bubble.

Property purchase restrictions to affect additional lower-tier cities

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