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Twenty-one cities rein in property market

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

Jinan, Shandong province

Date of policy release: Oct 2, 2016

Highlights of the policies:

Local residents are prohibited from purchasing a fourth house and non-local residents are not allowed to buy a second house. The down payment for first home buyers is raised from 20 percent to 30 percent, while that for second home purchases are raised from 30 percent to 40 percent.

Twenty-one cities rein in property market

Buildings in Jinan, East China's Shandong province, April 15, 2016. [Photo/IC]

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