Property News · September 27, 2016

Hefei becomes latest Chinese property hotspot, with sky-high prices being driven by record land costs and speculative out-of-town buyers


Cash-rich investors are flocking to buy homes in Hefei, the capital of eastern China’s Anhui province, amid speculation the city may roll out measures to curb a surge in speculative non-local buyers which has pushed new home prices sky-high.
The city’s property sector is also suffering, like many in China, from spiralling prices being paid by developers for government land being sold by local authorities over the past year to increase revenue.
China’s property bubbles –…

Source : South China Morning Post
Read more…Hefei becomes latest Chinese property hotspot, with sky-high prices being driven by record land costs and speculative out-of-town buyers

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