Off the wire
• Urgent: Syrian army officially denies chemical attack in Idlib province  • New 50 euro banknote starts circulating  • Paris CAC 40 index gains 0.30 pct on Tuesday  • Xinhua Asia-Pacific news summary at 1600 GMT, April 4  • 1st LD: Cypriot community leaders to resume reunification negotiations on April 11  • U.S. stocks waver narrowly amid economic data  • India rejects U.S. offer of mediation with Pakistan  • Lao PM expresses condolences on Russia subway explosion  • Urgent: Cypriot community leaders to resume reunification negotiations on April 11  • Turkey vows to stand with Russia against terror attack  
You are here: 　 Home

Xiongan New Area restricts housing purchase, construction

Xinhua, April 4, 2017 Adjust font size:

The preparatory committee of the Xiongan New Area in north China's Hebei Province said Tuesday night to control illegal land and housing purchase as well as construction.

China announced on Saturday to establish the Xiongan New Area, a landmark new economic zone near Beijing designed to integrate the capital with its surrounding areas.

The announcement attracted investors to swarm into the counties of Xiongxian, Rongcheng and Anxin in the new area, and drove up housing prices there, the committee said in a statement.

The committee warned all forms of illegal trade of properties are not protected by law, and vowed to crack down on illegal construction and trading of second-hand houses.

The committee said it will strictly implement the central authorities' guideline that says "houses are for living in, not for speculating with." Endi