Haikou and Wuhan Tighten Housing Restrictions
Haikou added details to its housing restrictions and it expanded the restrictions to include existing homes.
Wuhan added furnishings to its housing controls. Developers can hide home price increases in overpriced furnishings, but now the cost of furnishings is capped by the government:
Wuhan had strict implementation of housing pre-sale permit, the new real estate are not allowed to price increases, but there are developers in the decoration to play tricks, resulting in high prices. Yesterday, Wuhan, the implementation of the full decoration of the housing section limit, such as “pre-sale filing price of not more than 10,000 yuan [/sqm], the whole decoration price is not higher than 2,000 yuan / square meter, pre-sale unit price of more than 30,000 yuan, the whole Decoration price is not higher than 5,000 yuan / square meters.”