Date
17 August 2018

Hubei bans developers’ lies on housing demand, Xinhua says

Property developers in Hubei province are strictly barred from creating an “illusion of housing demand” by misleading potential buyers about the rate at which projects are selling, Xinhua reported late Tuesday, citing the provincial pricing bureau. The order is among new rules launched in the province to curb irregularities in the sales of new homes. False promotions and use of misleading information are also forbidden, the report said. Among other rules, the regulator urged developers to make detailed, timely updates on sales figures.

– Contact HKEJ at [email protected]

MY/AC/SK

 

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