The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters
The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters

China goes back to rationing as authorities in Wuhan introduce ‘housing ticket’ to cool surging property prices

  • Only applicants who have been issued a ‘home ticket’ can register to buy property and that too in only one residential project
  • While average homes prices in China declined 8 per cent in the first half, they surged 4.1 per cent in Wuhan

Topic |   China property
The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters
The central Chinese city of Wuhan in Hubei province is introducing a screening system to make sure real buyers qualify to buy a flat. Photo: Reuters
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