Property News · April 4, 2017

More Chinese cities piled on with price curbs in March, crimping developers’ outlook


More mainland Chinese cities imposed a slew of additional restrictions on home purchases last month to curb runaway prices and speculation, damping developers’ sales outlook this year and highlighting the risks of overstretched finances in one of the pillars of the Chinese economy.
At least 40 cities including Beijing and Guangzhou, and up to 11 second-tier cities imposed new purchase restrictions in March, according to a tally compiled by the South China Morning Post. Beijing announced…

Source : South China Morning Post
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