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World's biggest property buyers suddenly running short of cash

Beijing's Dec 31 rule change on foreign exchange catches Chinese buyers off guard
Saturday, January 28, 2017 - 05:50

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FEELING THE SQUEEZE: In Sydney, developers are facing problems as Chinese buyers pull back after facing difficulty transferring money. Realtors and developers in London and Silicon Valley are also reporting a slump in interest or problems with payments.

Beijing

CHINA'S escalating crackdown on capital outflows is sending shudders through property markets around the world.

In London, Chinese citizens who clamoured to purchase flats in the city's tallest apartment tower three months ago are now struggling to transfer their down

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