BEIJING residential property projects, funded by mainland backers, have been frozen because of bank moves to recall unauthorised loans.
This action could result in a shortage of luxury accommodation, which is suitable for short-term expatriate use.
Colliers Jardine head of research Paul Burke said prospective foreign tenants were becoming increasingly frustrated at the lack of suitable apartments, particularly three-bedroom family accommodation, in the centre of Beijing.
Mr Burke said Beijing authorities recognised that the shortage of residential accommodation for expatriates might be a hindrance to investment in the city and were taking some action.
''Authorities are presently undertaking a survey, which has yet to be released, to officially ascertain the present and future accommodation requirements of expatriates in Beijing,'' he said.
The recent austerity programme has slowed or stopped several existing or planned luxury accommodation projects in Beijing in a bid to curb speculative activity.