Several smaller cities in China move to limit new home price drops as housing markets cool

china real estate sector

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

While top Chinese cities step up real estate restrictions to curb home price growth, several smaller cities have moved to limit home price drops after transaction volume fell significantly amid a cooling market.

The city of Jiangyin in East China's Jiangsu province recently said that property developers are banned from dumping homes at low prices (lower than cost prices or with disguised price cuts) or resort to price wars, and meanwhile, selling prices of residential properties should not be higher than registered prices, according to a notice released by the local housing authority.

The . . .

 

 

SIGN IN  OR SUBSCRIBE TO GET FULL ACCESS. 

Stop Googling for China market information. Yuan Talks put all market-moving news in one place. You will never again be left in the dark when market moves. Start your FIVE-DAY FREE TRIAL today!

 

Try For Free

Cancel anytime before the free trial ends and you won't be charged.