Property News · February 3, 2017

China’s housing market cools in January as policy tightening measures take effect


Housing transactions in China’s hottest cities cooled significantly in January after the central government rolled out a series of tough measures to curb runaway home prices, recent data showed.
Analysts say the cooling shows the nationwide policy tightening has started to take effect and property transactions and prices will face pressure in cities where prices rose dramatically in 2016.
However some of the downturn for the month may be explained by the early onset of the Lunar New Year…

Source : South China Morning Post
Read more…China’s housing market cools in January as policy tightening measures take effect

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