Property News · December 28, 2018

To ease controls or not? Chinese cities see-saw on policy amid property market slump


A small city in central China has become the first city to flip-flop on its property price control policy in a day, underlining local governments’ growing dilemma of the need to prop up sluggish property markets, major economic growth drivers, without incurring the wrath of a central government determined to cool overheated home prices.
Hengyang, a 1.2 million people city in Hunan province, rescinded a directive to halt price curbs on Thursday night, just a day after it announced that it…

Source : South China Morning Post
Read more…To ease controls or not? Chinese cities see-saw on policy amid property market slump

You may also like...