Analysts believe developers that have been given sales permits or pre-sold [converted residential] units already will be forced to change the sites back for commercial or office use. Photo: Reuters
Shanghai blocks sales of commercial property converted for residential use
Move comes a year after Premier Li Keqiang called for more commercial space to be converted into rental housing
Topic |
China property
Analysts believe developers that have been given sales permits or pre-sold [converted residential] units already will be forced to change the sites back for commercial or office use. Photo: Reuters