From Ifeng via Investing in Chinese Stocks:
Three more Chinese cities have announced the cancellation of home buying restrictions: Hangzhou, Xian and Guiyang.
Only 9 cities have yet to lift the restrictions, among them the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, plus Zhuhai, Sanya, Nanning, Xining and Lanzhou.
In Hangzhou, buying restrictions are now lifted on properties larger than 140 sqm. There are rumors as well that the city has asked the PBOC branch office to lower second home down payments to 60%. On September 1, Xi’an will lift restrictions on everyone, requiring no hukou checks or proof of property ownership. Guiyang is also lifting restriction on September 1.
It is game on for property speculators in these cities. But will they return?
