Property News · May 27, 2019

Government, developers in Suzhou, ‘Venice of China’, agree to limit property price rises at 5 per cent after uptick in sales, sentiment


Suzhou, a manufacturing hub near Shanghai dubbed the “Venice of China”, is considering new property restrictions to cool runaway home prices. A second-tier city with a population of 10.7 million, its property market has reported an uptick in property sales and sentiment since February.According to a report in the Paper, a publication of the Shanghai government-owned United Media Group, on Monday, the Suzhou government and developers decided to restrict increases in annual new home prices to…

Source : South China Morning Post
Read more…Government, developers in Suzhou, ‘Venice of China’, agree to limit property price rises at 5 per cent after uptick in sales, sentiment

You may also like...