China's megacity of Tianjin lifts home buying restrictions

TIANJIN, Oct. 16 (Xinhua) -- North China's Tianjin Municipality abolished restrictive measures on buying home properties on Wednesday, marking another major Chinese city that has adjusted housing purchase policies to stabilize the real estate market.

The city lifted restrictions on purchasing and transferring new and second-hand homes as well as price caps on new commodity housing sales, according to a circular