Lottery system was introduced in shanghai for sales of residential projects as demand is overtaking supply.It is said to guarantee transparent and fair distribution of units and it's part of measures to curb the speculation in the housing market.According to shanghai housing regulators,real estate developers,agents and sales companies are forbidden from getting involved in the speculative home sales.Besides,companies and individuals who violate the regulation will be blacklisted.
Day54:)lottery,to stabilize shanghai housing
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