Everybody celebrate! Yahoo.
Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing’s lead to rejuvenate the nation’s sluggish property market.
Local residents could now own an unlimited number of flats outside the city’s outer ring road, an area where two-thirds of Shanghai’s housing is located, municipality authorities said on Monday. Previously, families were restricted to a maximum of two housing units in Shanghai.
