Property News · January 15, 2019

Beijing relaxes caps on home prices partially as unsold flats in the capital city rise


Beijing, where property curbs are most stringent amid the central government’s drive to cool overheating in the sector, has put on sale another two land sites without a cap on selling prices in a policy shift that began late last year to generate demand for flats in the market slump.
The two plots in the capital city’s northeastern part of prime Chaoyang district were offered by the planning authority last week at starting prices of 2.45 billion yuan (US$362 million) and 2.39…

Source : South China Morning Post
Read more…Beijing relaxes caps on home prices partially as unsold flats in the capital city rise

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