General view of Heze, formerly known as Caozhou, in Shandong province. Photo: People's Government of Heze City

A rebel holdout of Chinese lore fires the first salvo against the state’s year-long crackdown on real estate speculation

  • Heze, a city of 8.3 million residents in Shandong province, has cancelled the three-year reselling ban imposed in 2017 and given the green light for developers to use more of the capital from pre-completion sales
  • For now, it isn’t clear how long the Heze authorities can hold out against the central government’s year-long campaign to crack down on speculation
Topic |   China property

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General view of Heze, formerly known as Caozhou, in Shandong province. Photo: People's Government of Heze City
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