Property News · August 8, 2017

Shanghai’s price controls on new homes the toughest in China, says Jinmao chief


Shanghai’s price controls over new homes are the toughest among all mainland Chinese cities, according to state-owned property developer China Jinmao Holdings.
Government price guidance on newly launched flats is the latest measure undertaken by a number of major Chinese cities to rein in skyrocketing home prices. Builders that don’t follow the price guidance will be denied presale permits.
“The price cap has been implemented and will continue to be in place [in selected…

Source : South China Morning Post
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