Property price cap eased for Beijing developers: report
[HONG KONG] China's Poly Real Estate Group has received regulatory approval to price a Beijing project at a record high of almost 100,000 yuan (S$20,000) per square metre, signalling an easing on pricing policy for developers in the capital, a local report said yesterday.
Last month, seven projects in Beijing that received selling approval had planned to set prices above 40,000 yuan, a cap that the local authority set last November, China's national business daily added. The cap made developers less interested in bidding for…
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