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Luxury Homes in Hangzhou Sold Out Amid Wealth Verification Checks

Summary by Digital Phablet
In Hangzhou, luxury homes in the top tier have experienced a surge in sales over the past month, driven by relaxed policies that increased the availability of properties. Some developers now require potential buyers to provide proof of assets before they can view the homes, according to sales agents. Since mid-April, six newly launched high-end residential projects in the city have attracted strong interest from wealthy buyers eager for improved…
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Digital Phablet broke the news on Friday, May 29, 2026.
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