Home transaction volumes in Hangzhou, a city of 10 million people, rose by 49 per cent in June from a year earlier, data from researcher CRIC showed.Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution, estimated that more than 25 per cent of home sales in Hangzhou stem from its talent scheme.
The new regulations also raised the bar for families without a home, who also have had priority under the lottery system. "The new measures, which are relatively intense, and a reversal of the broad loosening stance across the country, showed regulators are still very resolved to clamp down on speculation," Mr Yan said. REUTERSFor daily updates on weekdays and specially selected content for the weekend. Subscribe to