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Shanghai tightens supervision over property market, moots sales lottery

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Published Sun, May 7, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Shanghai

SHANGHAI'S housing authority has stepped up supervision over its property market, continuing to rein in a sector plagued by irregularities and rampant speculation.

Property prices have soared in China's biggest cities, such as financial hub Shanghai and capital Beijing, since last year, prompting regulators to step up control to cool the market to avoid a crash.

China property

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