xi's moments
Home | Top 10

8 cities with a lottery system for housing sales

chinadaily.com.cn | Updated: 2018-06-04 06:52

Although housing prices have largely stayed stable in major Chinese cities, policies to restrict house purchases in some first-and second-tier cities continues to tighten. So far, eight Chinese cities have implemented a lottery system for housing sales.

China's property market, once deemed a major risk for the broader economy, cooled in 2017 amid tough curbs such as purchase restrictions and higher down payment requirements as the government sought to rein in speculation.

According to the National Bureau of Statistics, the prices of newly built properties in first-tier cities generally remained stable in April, while secondhand property saw a drop of 0.1 percent from March. In second-tier cities, the growth rate of new properties increased by 0.1 percent.

Let's take a look eight cities that have implemented a lottery system for housing sales.

Shanghai

Tourists visit the Bund in Shanghai. [Photo/VCG]
1 2 3 4 5 6 7 8 Next   >>|
Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349