Speculation of an 80,000 yuan per square metre price cap on Beijing homes has raised the prospect of further policy tightening in the nation’s capital, which would extend the local government’s hand in the market to determining how much a home should be sold for.
Several Chinese media have reported since Tuesday that Beijing’s city government imposed the 80,000 yuan cap on “finished new homes”(現房) after the Lunar New Year, citing developers as the…
Source : South China Morning Post
Read more…Beijing’s heavy hand in curbing rising home prices may extend to price caps
