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















