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China property stocks dive as housing curbs kick in
At least 44 cities have imposed restrictions on the resale of properties this year, designed to rein in prices
Residential buildings and skyscrapers in Chongqing. The Chinese city, together with Xian, Nanchang, Nanning, Changsha, Guiyang, Shijiazhuang and Wuhan, has tightened housing controls since Friday.
PHOTO: AFP
Hong Kong
CHINESE property stocks plunged in Hong Kong after cities added housing curbs, dashing speculation that the authorities would pull back on measures to cool rising prices.
Eight cities including Chongqing and Nanning rolled out restrictions over the weekend, with most...
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