Warming housing markets in key Chinese cities have prompted local governments to tighten real estate policies, a trend defying expectations that the authority is likely to loosen real estate curbs to boost the domestic economy.
Chinese cities introduced more than 60 tightening real estate policies in April, 300 per cent more than 15 policies introduced in March and compared to a total of 104 policies, or an average of 35 policies a month during the first quarter, according to data from the Centaline Property agency.
Policy tightening was mostly seen in tier-one cities including Shenzhen . . .
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