China’s attempts to bridle record house prices

House prices in China are scaling record highs, leading the government to enforce a patchwork of controls on the market for the fourth consecutive year to calm activity.

Home prices climbed at their fastest pace in three years in September, underlining concerns that housing is increasingly unaffordable for many Chinese.

But real estate is also a rare bright spot in the world’s No 2 economy, helping support growth, which is sagging this year towards a 23-year-low of 7.5 per cent.

Below are measures taken by various cities this year:

The city will supply 70,000 houses that are 30 per cent cheaper than regular property for middle-income buyers.