Property News · October 22, 2018

China’s proposal to ban property presales ‘unfair’, says state-owned developer


A ban on the practise of selling homes before completion could have dire consequences for China’s housing market, with the proposal – now being discussed by a number of municipalities – likely to tamp down supply and add more fuel to prices, according to the chairman of a state-owned developer.
Lin Zhaoyuan, chairman of state-owned Yuexiu Property, urged municipal officials to carefully assess the impact that the pre-sale ban would have on the real estate industry.
“The requirement…

Source : South China Morning Post
Read more…China’s proposal to ban property presales ‘unfair’, says state-owned developer

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