Property News · April 2, 2017

Xi’s new district plan sparks property curbs as speculators swoop on China’s future boom towns


A flood of bargain hunters has prompted local authorities to order a freeze on all property sales in a part of northern China newly earmarked to become a special economic district.
Officials from Xiong and Anxin counties imposed the ban after emergency meetings on Sunday morning about plans for Xiongan New Area in Hebei province about 160km south of Beijing.
Inspections were also ordered on all real estate agencies, ­National Business Daily reported.
Property speculators from Tianjin,…

Source : South China Morning Post
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