China Property

China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.

A pedestrian walks along a bridge past residential buildings in Shanghai, China, on Friday, September 29, 2017. China's earliest economic indicators hinted that growth continued to moderate in September as official drives to curb debt risk and clear the skies weighed on activity. Photo: Bloomberg

Opinion: A paean for housing speculators and why they’re needed

[President] Xi underlined his housing policy when he outlined his vision for the mainland’s development over the next five years at the opening of the party congress last week, stressing “houses are built to be inhabited, not for speculation.” -- Property Post, October 25