The move by some homeowners in Guangzhou to collude on inflating prices has infuriated the housing watchdog, which is initiating stringent measures to cool the recent run up in property prices in one of the main Greater Bay Area cities.
The Housing and Construction Bureau of Guangzhou said on Wednesday it was carrying out special rectification measures to maintain order in the property market and protect buyers’ rights. The regulator also said it would crack down hard on those jacking up home…
Source : South China Morning Post
Read more…Guangzhou’s housing watchdog clamps down on homeowners colluding to inflate home prices















