Chinese cities with rising home prices need to boost land supply: PM Li
Beijing
CHINESE cities under pressure from soaring home prices need to boost land supply appropriately while authorities take measures to fight an inventory overhang in smaller cities, Premier Li Keqiang said on Sunday.
China is looking to keep the property market stable this year after prices of new homes soared 12.4 per cent last year, the most since 2011. Authorities in more than 20 cities have introduced curbs to cool the market since October.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom
US home prices jump by most in nearly two years in February
UK’s second biggest mortgage lender pulls offers over flood risk
China state firm to sell 20 Shanghai office towers in downturn