Beijing property price surge

Some 20 per cent of Beijing’s registered residents will be unable to buy new a new apartment this year after a new round of policy tightening comes into effect, which industry experts predict could lead to a 20 to 30 per cent drop in property sales and...

Some 20 per cent of Beijing’s registered residents will be unable to buy new a new apartment this year after a new round of policy tightening comes into effect, which industry experts predict could lead to a 20 to 30 per cent drop in property sales and stall price growth, according to state media. Beijing experienced the biggest surge in nationwide property prices last year.

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