Property News · October 23, 2017

Idle staff and closed offices: how government curbs hit the property business in one Chinese city


The main street of the small northern Chinese city of Xianghe in Hebei province, some 50 kilometres southeast of the capital Beijing, bears witness to the battles local authorities throughout the country have been fighting with property speculators.
Lined with the offices of developers and agents, up until just seven months ago it was swamped with people from the capital trying to snap up properties after President Xi Jinping had named the city in 2015 as a key area in plans to integrate the…

Source : South China Morning Post
Read more…Idle staff and closed offices: how government curbs hit the property business in one Chinese city

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