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China's property speculators make a dangerous bet in Hefei

Residential buildings in Hefei, Anhui province. China's "seesaw" approach over the past three major cycles of property tightening has cemented the bullish mentality of investors seeking to reap big profits over a short period of time.

Hefei, China

IN 2016, Hefei, a manufacturing hub of about eight million people in China's east, was one of the world's hottest property markets and a prime target for price curbs designed to knock speculative heat out the sector.

Analysts say restrictions introduced last year and...

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