Nov 01, 2011 06:28 PM

Zhuhai Puts up Price Cap on Residential Real Estate

By intern reporter Wang Yong

(Beijing) – Municipal authorities in the southeastern coastal city of Zhuhai in Guangdong Province released new measures on property purchases in a bid to tamp down spiraling housing prices.

The regulations issued October 31 state that a housing price cap of 11,285 yuan per square meter will be implemented on properties in the Xiangzhou District of Zhuhai.

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