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Home buyers face squeeze as Shanghai curbs office-to-flats market

The Shanghai measures have dented buyer sentiment for similar developments in other Chinese cities

The crackdown by Shanghai's housing authority prompted a protest by hundreds of people last weekend after the market effectively froze. A similar protest is planned in Beijing this weekend.


A CRACKDOWN In Shanghai on commercial office projects converted into residential apartments will squeeze speculators, but could also hurt bona fide homebuyers already struggling with high prices and buying restrictions.

Some property developers in the city bought land zoned...