Property News · October 13, 2018

Can China fix its runaway housing market?


A year ago, President Xi Jinping declared “houses should be for living in, not for speculation.”
Already, some big cities like Beijing and Shanghai had begun turning themselves into virtual laboratories, searching for cures to runaway housing prices. Xi’s renewed call – given added weight by being delivered at the milestone Party Congress last October 18 – set off yet more experiments.
Now, as home prices are dramatically slowing in Beijing and some other…

Source : South China Morning Post
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