24 March 2019

Beijing reaffirms home purchase curbs, paper says

Beijing will continue to set home purchase limits this year, 21st Century Business Herald reported Thursday, citing municipal housing officials. Representatives from the Beijing Housing and Urban-Rural Development Commission met with 50 property developers to discuss the policy after reports several key cities were preparing to lift the restrictions. More than 8,900 second-hand homes changed hands in Beijing during March, up 64.4 percent from the previous month, but down 79.6 percent from a year earlier. The March transaction volume was the lowest since 2009. Second-hand home transactions are a proxy for the overall property market in Beijing, the report said, quoting Centaline Beijing’s market research director Zhang Dawei.

– Contact HKEJ at [email protected]



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