Property News · August 30, 2018

Sanya developers told to freeze sales prices for six months


Sanya, China’s southern tropical resort city, has introduced the country’s harshest home price cap yet, asking developers to lower prices and freeze them for six months, under heightened pressure from Beijing.
The city becomes the second city in Hainan province, often dubbed “China’s Hawaii”, to demand developers adjust pre-approved prices after provincial capital Haikou made the move on Sunday.
The two cities were ranked as having the nation’s highest pace…

Source : South China Morning Post
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