Property News · June 5, 2017

Desperate owners demand Shanghai rethinks rule changes on commercial-turned residential sites


The Shanghai government’s sudden decision last month to target converted apartments built on land that was originally acquired for commercial or office use, has left hundred of thousands of buyers in despair and in limbo.
For many non-local residents, such as Yao An, these types of apartment have represented their final hope of owning a home in the city.
As well as not having home purchase restrictions these apartments are affordable as the commercial land on which they have been built,…

Source : South China Morning Post
Read more…Desperate owners demand Shanghai rethinks rule changes on commercial-turned residential sites

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