Property News · March 7, 2017

Crackdown on converted Shanghai apartments highlights legal risks for buyers


The controversy over the Chinese government’s crackdown on converted residential projects in Shanghai shows no sign of abating with the developers locked in complicated disputes with buyers.
The projects are developed on plots acquired as commercial or office land and have become a popular product in the country’s biggest cities where residential land supply is disproportionately low and homes built on such land are subject to purchase restrictions.
For too long local governments…

Source : South China Morning Post
Read more…Crackdown on converted Shanghai apartments highlights legal risks for buyers

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