Property News · October 11, 2016

Beijing’s tough new property cooling measures see immediate results


Beijing’s property market quickly cooled after it fired the first salvo in the latest round of measures to rein in house price inflation.
Sales of new and pre-owned homes fell to 425 in the first seven days of October, according to Centaline Group’s research centre, the lowest level for that period since 2011. That compares with 543 sales in the same period of 2015.
On September 30, Beijing led a new round of housing policy tightening by imposing a range of fresh restrictions to…

Source : South China Morning Post
Read more…Beijing’s tough new property cooling measures see immediate results

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