China's moves to cool soaring property prices may be working
Policymakers must now balance deflating prices with safeguarding economic growth
Beijing
THE push by China's policy makers to rein in property bubbles looks to be getting traction, according to early indicators from the nation's biggest cities.
Beijing home sales volume plunged 41 per cent year-on-year last month while Shanghai's slumped 18 per cent, China Real Estate Information Corp data show, after new purchase restrictions and tightened mortgage lending. Transactions fell 50 per cent in smaller cities.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle
US rents climbed 1.5 times faster than wages in last four years
Australian budget to target housing woes with more construction workers