Sichuan lifts prop­erty curbs to boost sales

China Daily (Canada) - - FRONT PAGE -

Sichuan prov­ince will re­move re­stric­tions on home pur­chases and hous­ing prices to fur­ther stim­u­late do­mes­tic con­sump­tion, re­ported on Tues­day. The Sichuan hous­ing and ur­ban-ru­ral de­vel­op­ment bureau said the prov­ince is ex­pected to have over­all real es­tate in­vest­ment of about 480 bil­lion yuan ($77.29 bil­lion) this year, a year-on-year growth of 10 per­cent. Re­stric­tions on the num­ber of small units of un­der 90 square me­ters in a res­i­den­tial com­mu­nity will also be lifted. The num­ber of such small-sized houses was ear­lier capped at 70 per­cent of the to­tal houses.

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