From Reuters:
A number of Chinese cities including Beijing, Guangzhou, Shenzhen, Suzhou, Chengdu and Wuhan – in a bid to combat rising property prices – announced new restrictions on purchases and mortgage down payments during China’s National Day holiday in the beginning of October. China’s central bank Governor Zhou Xiaochuan said the government is “paying close attention” to rising property values in some cities and will take appropriate measures to promote the real estate market’s “healthy development”.
The measures on the property market “may in a sense affect sentiment but we don’t really see a big crash in new (housing) starts because China’s underlying economic condition is improving,” said Helen Lau, an analyst with Argonaut Securities in Hong Kong.
The full text of this article is available to MacroBusiness subscribers
