Heze in spotlight over new realty policy

Heze in Shandong province has become a topic of heated discussion after it decided to relax its home sales ban, becoming the first Chinese city to do so amid the nation's year-long policy to curb real estate speculation.

In an announcement by the local government on Tuesday, in order to promote the healthy and stable development of the local real estate market, it revealed that it had canceled the residential property resale ban that was introduced last year.

According to that rule, local residents could only resell their property after two years, while a limit of three years was imposed on non-local purchasers.