Aerial view of a housing estate in Nantong South Street, China. Photo: Shutterstock
China property
A Chinese city near Shanghai imposes ban on resale of cheap homes to curb speculation
- Nantong city imposes a five-year ban on resale of properties to curb market speculation amid economic slowdown
- The move follows a separate decision by housing bureau to halt home sales in an estate near Shenzhen to prevent price fixing
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China property
Aerial view of a housing estate in Nantong South Street, China. Photo: Shutterstock