It will also make it easier for some cities to remove or ease restrictions on the number of properties an individual or household may own.
Not a big fan of this move. This will make speculating on houses easier and more attractive. Which goes against the stated shift in housing policy.
I know home equity makes a big part of Chinese households' wealth, and thus confidence to purchase and drive the economy, but that shows a structural weakness that had embedded itself into the Chinese economy due to market reforms.
Hopefully, the other measures will counteract any negative influence from this crisis.