image

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.

The Orient Gate development in the centre of Suzhou

Property market in Suzhou, China, remains on the boil

Suzhou’s housing market booms, despite measures introduced to tighten it.

Two land parcels in the eastern Chinese city went up for sale on Thursday. They drew more than 40 developers and sold at prices that far surpassed the city’s average home prices.