Property News · May 18, 2017

Shanghai blocks sales of commercial property converted for residential use


The Shanghai authorities have called off the approval of any new apartments to be built on commercial-use land – its latest measure in response to a broader campaign to curb the red-hot property market in China’s biggest cities.
Any planned residential projects, converted from offices and shops, will not be granted sales approval.
While those units that have already been given approval but are yet to launch for sale, or have been sold but the keys are yet handed over to buyers, will…

Source : South China Morning Post
Read more…Shanghai blocks sales of commercial property converted for residential use

You may also like...