Property News · April 18, 2017

Beijing’s home market enters deep freeze


The property market in Beijing is freezing up after the city government took the lead to step up control measures on home purchases a month ago.
Under a spate of heavy-handed curbs launched since March 17, sales in the primary and secondary residential markets in the city have slumped while apartments built on commercial and office land, an alternative product, also faced a bleak future.
As of Sunday, just 1,106 units of new private homes were sold this month, down 66 per cent from a month…

Source : South China Morning Post
Read more…Beijing’s home market enters deep freeze

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