A tighter property bind for China

Beijing has an almighty problem on its hands as investor demands for higher property prices compete with affordability concerns, and unfortunately there's no obvious solution.

Nearly two years after Beijing enacted policies to curb the housing bubble expanded by the massive 2008-2009 stimulus, the approach has yielded some modest results: property price increases have slowed in major cities, and some reductions have even been reported in a number of first- and second-tier cities (spreading to lower-tier cities as well). The property transactions and land sales in many areas have stagnated, and the land prices offered by local governments also fell considerably, with an increasing number of auctions.


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