Beijing has stepped up its efforts to cool the city’s property market by setting a ceiling on home prices.
In its latest land sale, Beijing’s government not only capped the land price itself, but also the price at which homes built on the site can be sold, making it the most restrictive Chinese city in terms of land policy.
The city’s land administration on Friday night put four plots up for sale. For the three parcels in the Haidian district, the authority stipulated the…
Source : South China Morning Post
Read more…Beijing sets cap on home prices to help rein in the city’s property market















