Heze of Shandong province becomes 1st city to ease home-purchase restrictions

Published: Dec 19, 2018 12:04

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This followed after the first round of nation-wide regulations on house purchase began in Sep 2016

SHANGHAI, Dec 19 (SMM) – Heze in China's northern province of Shandong became the first city to ease home-purchase restrictions, after the first round of nation-wide regulations on house purchase began in September 2016, according to a notice issued by local authorities on December 18.

The Heze government lifted previous restrictive measures on the transfer of newly purchased housing and second-hand housing, which stipulated that new commercial housing and resale housing can only be traded at least two years after obtaining of the property right certificate. For non-locals, the time limit was no less than three years.

The abolishment came a year after the introduction of the regulation.

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