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China's Q1 property investment accelerates, defying curbs

But policymakers expect moderation from April following the latest cooling measures in March
Tue, Apr 18, 2017 - 5:50 AM

BT_20170418_NSCNPROP18_2843581.jpg
At least 50 Chinese cities have slapped on tougher cooling measures to limit price gains since mid-March, after Beijing's harsh curbs that hiked downpayment ratios for second homes to as much as 80%.
PHOTO: REUTERS

Beijing

REAL estate investment in China remained robust in the first quarter from a year earlier, official data showed on Monday, as the pace of new construction quickened, despite intensified government cooling measures.

Growth in property investment, which includes residential,...

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