Property News · February 13, 2017

China property developers cut new home prices in compliance with government curbs designed to cool market


Chinese property developers are cutting prices for newly launched flats in leading cities following government intervention to eliminate speculation in the market.
More than 20 Chinese cities have rolled out a raft of tightening measures in a bid to curb the overheated housing market since the fourth quarter. However, some local governments have gone a step further to directly control prices after president Xi Jinping said “houses are built to be inhabited, not for speculation”, at…

Source : South China Morning Post
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