The authorities in Wuhan, the capital of central China’s Hubei province, called off a prime city-centre land auction on Tuesday, fearing its price was likely to hit a record high – the latest move by officials across the country to clamp down on surging home costs.
The 102,240 square meter residential and commercial site is located on the city’s historic Han Zheng Street – famous for small commodity markets – which is currently undergoing urban renewal.
Wuhan Land…
Source : South China Morning Post
Read more…Wuhan authorities call off land sale in latest effort to cool red-hot property prices















