Tag: property prices

• Friday, July 15th 2011 - 06:01 UTC

  “Home, sweet home”, ever so distant (and expensive) for Chinese citizens

  

  China on Thursday pledged to extend limits on new home purchases to smaller cities as authorities step up efforts to cool the country's red-hot real estate market. The State Council, or cabinet, said it would tighten existing property restrictions in cities that have seen excessive price rises to push them “back to reasonable levels”.