BEIJING-As home prices and housing deals show signs ofimprovement in China, some major Chinese cities are planning toimplement fresh measures to streamline the property market.
The measures include limitation on sales to non-residents,higher mortgage rates and down payments as well as a restriction ondevelopers on their pre-sale proceeds. These steps would help makeproperty prices more affordable and improve the overall demandamong Chinese customers. For the full story, go to Reuters.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
