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Twenty-one cities rein in property market

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

Zhengzhou, Henan province

Dates of policy release: Oct 1, 2016 and Oct 3, 2016

Highlights of the policies:

Houses with an area of less than 180 square meters should not be sold to local residents with two or more houses and non-local residents with one or more.

The down payment for first home buyers should be no less than 30 percent, while that for second home purchases should be no less than 40 percent.

Twenty-one cities rein in property market

Night view of the streets and buildings around the Erqi Memorial Tower in Zhengzhou, Central China's Henan province, Sep 28, 2016. [Photo/IC]

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