Property News · February 1, 2019

Shanghai mayor Ying Yong rules out easing control on home prices even as economy slows down


Shanghai’s mayor Ying Yong said on Thursday that he will do everything in his power to stabilise the housing market, ending speculation that the city would loosen its grip on the sector as it faced an uphill task of sustaining growth amid fears of a slowing economy.
“We must bear in mind that controlling prices of land and homes is not a makeshift policy,” the mayor told a press conference after the close of the annual session of Shanghai People’s Congress. “We…

Source : South China Morning Post
Read more…Shanghai mayor Ying Yong rules out easing control on home prices even as economy slows down

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