Property News · February 28, 2017

Beijing and Shanghai clamp down on selling apartments built on commercial land, or converted from industrial use


Developers in Beijing are accelerating the pace of selling apartments that have been converted from commercial buildings, in anticipation of a fresh round of tightening on the sale of such properties.
The converted commercial projects have generally been developed on land plots acquired from local government as “commercial or office land”, and have become a popular product in the bigger cities, as residential land supply has become so tight.
Although owners of such apartments only…

Source : South China Morning Post
Read more…Beijing and Shanghai clamp down on selling apartments built on commercial land, or converted from industrial use

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