China’s southwestern megacity of Chongqing has relaxed home ownership restrictions to spur home sales. Photo: Simon Song
China’s southwestern megacity of Chongqing has relaxed home ownership restrictions to spur home sales. Photo: Simon Song

China’s megacity Chongqing joins Dongguan, Foshan in easing homebuying restrictions to revive ‘pillar of the economy’

  • Families can now own more than one home provided one of them is rented out while non-locals can also enjoy the same mortgage policy as the locals
  • Policy comes after Vice-Premier Liu He said earlier this month that ‘the real estate sector is a pillar industry for the economy’ and new measures were planned

China’s southwestern megacity of Chongqing has relaxed home ownership restrictions to spur home sales. Photo: Simon Song
China’s southwestern megacity of Chongqing has relaxed home ownership restrictions to spur home sales. Photo: Simon Song
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