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Changzhou, an affluent city in China’s eastern Jiangsu province, has eased restrictions on the resale of residential property, joining several tier-2 cities in easing curbs to boost demand and breathe life into the struggling market.
The change means owners can now put their house on the market once they have obtained their Real Property Ownership Certificate, rather than having to wait two years after purchase, according to a statement by the city’s housing bureau on Tuesday.
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