Dec 31, 2018 04:50 PM

Caixin View: Don’t Look for Property Boom in Year of the Pig

Photo: Caixin
Photo: Caixin

As more cities eased restrictions on local property markets in December, it seemed 2018 could mark the end of a period of tight regulation aimed at controlling housing inflation. In mid-December, Heze, a small city in East China’s Shandong province, cancelled rules prohibiting homeowners from selling their properties for two years after purchase. Such rules were designed to prevent the property market from overheating. But as both the economy and property market have cooled, such measures were deemed obsolete by Heze and a few other cities.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.