People ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: BloombergPeople ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: Bloomberg
People ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: Bloomberg

Hangzhou, home to China’s new billionaires, gets a dose of property-cooling measures as peak demand looms

  • Municipal government imposes three-year residency rule for parents staying with their children in the city before allowing home purchase
  • Measures seen as pre-empting excessive speculation ahead of September-October months, the peak season in China’s annual home sales

Topic |   China property
People ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: BloombergPeople ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: Bloomberg
People ride a motorcycle through an overpass as cranes stand at buildings under construction in Hangzhou, China, in 2016. Photo: Bloomberg
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