Nanjing relaxes homebuying restrictions

Nanjing, Jiangsu province, recently eased restrictions on property sales, which experts and market insiders said will help unleash local demand for housing purchases.

The city government said on Monday that commercial residential properties can be traded with real estate ownership certificates, removing the restriction on property sales that required a minimum three-year holding period for the certificates. Such restrictions were implemented in 2017 to curb the then-overheated housing market.

Since the second half of 2024, many cities have eased or lifted housing sales restrictions, such as Shenzhen and Dongguan, Guangdong province; and Xiamen, Fujian province.