Real estate rules effective in Hainan

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    clpstaff &clp articles

    Property prices in China need to cool down

    Recent measures promulgated by local authorities in Hainan province have successfully curbed soaring real estate prices.

    On March 5 the southern island issued strict regulations that included the payment of land grant money within 60 days after land contracts take effect and ordered the transfer of officials who weren't able to carry out the task of building indemnificatory housing.

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