China's escalating property curbs point to Xi's new priority

While China has spent years trying to cool property prices, analysts say this round of crackdowns will be different. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

BEIJING (BLOOMBERG) - After a years-long campaign to tame property prices, China is upping the ante to break a stubborn cycle of gains that has made homes increasingly unaffordable.

In recent days, China raised mortgage rates in a major city, vowed to accelerate the development of government subsidised rental housing and moved to increase scrutiny on everything from financing of developers and newly listed home prices to title transfers.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.