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1.Market Observations, 8.Was Sticky

4 Oct 2016 (AFR) – Chinese cities introduce curbs to cool overheated property, housing speculation

(4 October 2016, AFR, p34, by Bloomberg News)

‘Local governments in nine Chinese cities tightened rules for home purchases over the past three days in a bid to dampen resurgent demand and rein in excessive speculation. Beijing, Chengdu, Hefei and Suzhou are among Chinese hubs that have implemented curbs to cool home prices. Authorities in those metropolitan areas introduced measures ranging from raising down-payment requirements for both first and second homes to ruling some potential buyers ineligible.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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