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Tourism city in Hainan to lift housing purchase limit


2014-09-30 11:21 chinadaily.com.cn Web Editor: Qin Dexing
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Cruise ship, Coconut Princess, leaves the port of Sanya for Xisha Islands in South China's island of Hainan province, Sept 2, 2014. [Photo/Xinhua]

Tourism city Sanya in Hainan province will join the 41 others in lifting housing purchase limit, leaving only Beijing, Shanghai, Shenzhen and Guangzhou still keeping the restrictions, China Business News reported on Tuesday.

The municipal government of Sanya is expected to approve and announce the decision on Oct 1, said the News citing officials of local housing bureau.

Sanya will be the last second-tier city to scrap housing purchase limits placed on non-local residents and local second-home buyers since 2011 to cool off the then red-hot property market.

More than 40 Chinese cities 

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