China Business News (via MNI) reports:
- Hangzhou, where the property market downturn started earlier this year, said late Monday it will remove home purchase restrictions on apartments above 140 square meters in downtown areas and completely lift curbs in distant Xiaoshan and Yuhang districts from Tuesday
- Says that some property developers are considering raising prices in the wake of the move
- Xuzhou, a third-tier city, is also removing its purchase limits from Friday
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Meanwhile, those sellers sitting on it are having some impact today.
