{"id":1553,"date":"2018-12-19T04:58:18","date_gmt":"2018-12-19T04:58:18","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1553"},"modified":"2021-06-04T14:09:32","modified_gmt":"2021-06-04T07:09:32","slug":"this-chinese-city-just-dialled-back-its-property-curbs","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/this-chinese-city-just-dialled-back-its-property-curbs\/","title":{"rendered":"This Chinese city just dialled back its property curbs"},"content":{"rendered":"<p><strong>First clear case of removing restrictions on home sales<\/strong><\/p>\n<figure id=\"attachment_1554\" aria-describedby=\"caption-attachment-1554\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1554\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/This-Chinese-city-just-dialled-back-its-property-curbs.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/This-Chinese-city-just-dialled-back-its-property-curbs.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/This-Chinese-city-just-dialled-back-its-property-curbs-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/This-Chinese-city-just-dialled-back-its-property-curbs-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1554\" class=\"wp-caption-text\">A garden in Heze, China. HelloRF ZCool\/Shutterstock<\/figcaption><\/figure>\n<p>A city in China\u2019s Shandong province has cancelled provisions of a policy that last year prevented buyers from flipping their homes,\u00a0<a href=\"https:\/\/www.reuters.com\/article\/us-china-economy-property\/chinese-citys-property-easing-a-test-of-central-government-resolve-as-economy-slows-idUSKBN1OI0D4\" target=\"_blank\" rel=\"noopener noreferrer\">Reuters<\/a>\u00a0reported.<\/p>\n<p>Heze, home to eight million, is reversing\u00a0a law that forces\u00a0buyers of new and second-hand homes to hold them for two to three years, in a sign that housing authorities elsewhere could be loosening property curbs that have been rolling out across the mainland for the last two years.<\/p>\n<p>The municipal housing and urban-rural development bureau posted\u00a0the notice online Tuesday, although\u00a0it was dated 14 December.<\/p>\n<p>\u201cThe policy itself is quite limited in driving up sales but it sent a strong easing signal,\u201d analysts at Hua Chuang securities noted to Reuters.<\/p>\n<p>The moves could foreshadow a \u201cgradually better policy environment\u201d, they added.<\/p>\n<p>Heze\u2019s policy cancellation appears to be unprecedented, with\u00a0the partially state-run China News Service remarking\u00a0that it represented\u00a0the first clear case of\u00a0a city\u00a0eliminating curbs on home sales. Previous attempts to undo curbs at the city or regional level have been met with resistance from central authorities with a mandate to quell frothy home prices.<\/p>\n<p>Local conditions drove Heze authorities to roll out the policy decision, the state-owned Securities Times reported, citing officials from the city\u2019s housing bureau.<\/p>\n<p>The Shandong provincial housing bureau had summoned the city bureau to justify the relaxation of the measure, authorities stated.<\/p>\n<p>Heze&#8217;s new policy comes as home price growth decelerates in the mainland. New home prices inched up 0.9 percent month-on-month on average in November, down from a monthly growth of one\u00a0percent in October, according to the National Bureau of Statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First clear case of removing restrictions on home sales<\/p>\n","protected":false},"author":2,"featured_media":19847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This Chinese city just dialled back its property curbs | Asia Property Awards<\/title>\n<meta name=\"robots\" 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