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China: Stricter controls possible on property market

Posted on 07 February 2013

Stricter controls could be imposed on China’s property market after house prices in some cities went up faster than expected, Shanghai Securities Journal reported Wednesday.
The report cited an anonymous source close to the Beijing Municipal Commission of Housing and Urban-Rural Development as saying that major cities such as Beijing are “basically sure” to announce new measures in the near term, including restraining demand and creating higher purchase barriers. These new measures will probably be announced before early March, when the country opens the year’s major political meetings, the report said………………………………………..Full Article: Source


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