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.
While China has spent years trying to cool property prices, analysts say this round of crackdowns will be different.PHOTO: AFP
  • Published
    Jul 28, 2021, 3:13 pm SGT
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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

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

Topics: