Official panic begins over Chinese property bubble

Wednesday, 28 September 2016

On September 19, Hangzhou announced buying restrictions:

The city authorities said that, effective from Sept 19, homebuyers without household registration in the city－known in Chinese as hukou－are not allowed to buy a second home in the city’s central districts, in a bid to curb rapidly rising house prices, curb speculative buying and prevent risks.These restrictions were tightened again on September 26, with total ban on non-resident buying, touching off a housing frenzy in Hangzhou.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.