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Haikou home-buying curbs eased

2014-07-24 10:30 Global Times Web Editor: Qin Dexing
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The housing department of Haikou, capital of South China's Hainan Province has canceled housing purchasing restrictions for the commercial residences since Friday, news portal 163.com reported Wednesday.

According to the new rules, homebuyers do not need to submit documentary proof of how many residences they possess before buying a new one.

Haikou is the second city to reportedly loosen restrictions on housing purchase within a week after Suzhou in East China's Jiangsu Province. So far, nearly 30 cities have loosened controls over home purchase.

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