Property News · March 23, 2017

Flawed land supply policy to blame for Beijing’s soaring housing prices, analysts say


New home buying restrictions in Beijing are unlikely to rectify market distortions and ease sky-high home prices, analysts say.
Homebuyers are prepared to pay a premium for proximity to government services and elite schools, while other factors, especially a shortage of new land supply, have been cited by analysts as a factor in driving the price spiral.
Recent efforts by officials to rein in residential prices, including tightened down payment requirements in October for first-time buyers and…

Source : South China Morning Post
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