Hangzhou, China Lifts Home Purchase Restrictions

13 May 2024 CW Team

Hangzhou, a major city in China, has announced the lifting of all restrictions on home purchases. This significant move signals a shift in the city's housing policy and aims to stimulate the real estate market amidst changing economic conditions.

The decision to remove home purchase restrictions reflects Hangzhou's efforts to spur economic growth and promote stability in the housing sector. By eliminating barriers to homebuying, the city aims to encourage property transactions and support the development of the real estate market.

The lifting of home purchase restrictions in Hangzhou is expected to have wide-ranging implications for homebuyers, developers, and the overall housing market. It is likely to lead to increased demand for residential properties and drive up property prices in the city.

The move comes amid broader efforts by Chinese authorities to manage the country's real estate market and address concerns about housing affordability and speculation. Hangzhou's decision to lift home purchase restrictions aligns with these broader policy objectives and reflects a pragmatic approach to managing the housing market.

The announcement by Hangzhou city authorities is expected to have a positive impact on investor sentiment and contribute to the overall confidence in the real estate sector. It represents a significant milestone in the city's efforts to create a conducive environment for property investment and economic growth.

Overall, the lifting of home purchase restrictions in Hangzhou underscores the city's commitment to supporting the real estate market and fostering sustainable development. It is a step towards creating a more dynamic and competitive housing market that benefits both homebuyers and developers.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..