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NANJING, Sept. 21 (Xinhua) -- Nanjing, capital of east China's Jiangsu Province, announced on Sunday to end housing purchase restrictions1 in a bid to revive local property market.
In a notice released by the municipal government of Nanjing, the city will increase the supply of small and medium-sized apartments in the future.
Currently, sluggish2 sales left housing inventories3 overstocked in Nanjing. Meng Xiangyuan, a real estate scholar with Nanjing Forestry4 University, estimated that 51,000 new homes had yet to be sold in the city.
The city placed housing purchase limits to restrict local residents to two homes amid a spate6 of other measures to cool off the then red hot property market in early 2011.
In order to revive the market and boost economy, more than 30 Chinese cities announced to lift or loosen the housing purchase limit this year. Only six others including first-tier cities like Beijing, Shanghai and Guangzhou still keep the policy.
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1 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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2 sluggish | |
adj.懒惰的,迟钝的,无精打采的 | |
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3 inventories | |
n.总结( inventory的名词复数 );细账;存货清单(或财产目录)的编制 | |
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4 forestry | |
n.森林学;林业 | |
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5 scraps | |
油渣 | |
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6 spate | |
n.泛滥,洪水,突然的一阵 | |
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