Concern over Beijing's latest housing curbs

Beijing

JI WEI, a recently married photographer in her 20s, fears her plans to sell her Beijing apartment and upgrade to one costing 6.15 million yuan (S$1.25 million) will collapse because of new measures aimed at reining in a soaring property market.

Beijing, home to about 22 million people, is on the frontline as China takes on speculators and tries to tame home prices. Chinese authorities fear surging prices are building up household debt, heightening banks' credit risks, and fanning resentment as home affordability fades.