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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.

 
Socam Development's Four Seasons Place Pudong in Shanghai. The property developer plans to aggressively cash in its mainland properties.

Socam to cash out China projects

Property developer and contractor Socam Development will aggressively cash in its mainland properties and pursue opportunities in Hong Kong's expanded building programme for public housing and infrastructure.