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Detailed property-purchasing limitations set for release

By Song Jingli (chinadaily.com.cn)
Updated: 2011-02-10 14:50

Analysts say major Chinese cities, including Beijing, will draft and release detailed measures to limit home-buying as soon as this week, the China Securities Journal reported Thursday.

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The State Council issued eight guidelines on Jan 26 to curb housing prices, one of which prevents families with two or more apartments in a major city from buying any more in that city.

Beijing, Shanghai, Tianjin, Chongqing, Dalian, Qingdao, Ningbo, Xiamen, and Shenzhen will all put the new measures in place. The guidelines also apply to provincial capitals and other cities where housing prices are too high and are growing too fast.

Not all cities have come up with detailed measures in response to these guidelines.