Property News · August 1, 2018

New Beijing price-capped homes fail to excite homebuyers


Ten projects with 4,200 “price-capped” new homes have been approved for presales by the Beijing municipal commission of housing and urban-rural development since June, but have so far received a lukewarm reception.
These price-capped homes, a concept introduced last year as part of efforts to keep home prices in check, have lowered the minimum amount of money needed to buy a new home in Beijing to 3 million yuan (US$441,000). The selling prices of all new home projects are…

Source : South China Morning Post
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