20 January 2019

Beijing may have lifted price curb on high-end homes, paper says

Three new high-end housing projects that were recently granted pre-sale permits by the Beijing land resources authority are marketing the units at as high as 77,913 yuan (US$12,875) per square meter, suggesting that the price ceiling set by the authority last year is no longer in effect, China Securities Journal reported Tuesday. The authority set a rule last year that no pre-sale permit will be given to projects that have a selling price of more than 40,000 yuan per square meter. Some analysts were quoted as saying that there is still some upward pressure on home prices, and that local authorities may implement price curb again.

– Contact HKEJ [email protected]



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