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















