The Chinese central government has added a new line in the final version of its annual work report, pledging to curb surging property prices in big cities, as home prices in central Beijing rise to levels on par with Hong Kong.
A day after the revised government work report was published, the Beijing municipal government announced new measures to discourage home buying, including raising down payments for most property deals for second home purchases to an unprecedented 80 per cent….
Source : South China Morning Post
Read more…China adds national pledge to curb housing prices in government work report
