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3 months ago
BRIEF-China's Wuxi city increases restrictions on multiple home purchases
May 21, 2017 / 7:39 AM / 3 months ago

BRIEF-China's Wuxi city increases restrictions on multiple home purchases

BEIJING, May 21 (Reuters) - The government of eastern Chinese city Wuxi said on its official weibo microblog that effective on Saturday (May 20):

* Will suspend second-hand home sales to people without local household registrations who already own one or more homes.

* Will restrict individuals from transferring property ownership within two years of receiving a deed; will restrict corporate entities from transferring ownership for three years Source text in Chinese: [bit.ly/2qDFt8Y] (Reporting by Jake Spring)

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