A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters. A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters.
A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters.

China to cap annual urban rent increases at 5 per cent to rein in runaway prices and make homes affordable to job seekers

  • Rental charges in urban areas will not be allowed to rise by more than 5 per cent a year, the Ministry of Housing and Urban-Rural Development said
  • Vice-premier Han Zheng has pledged to avoid using property as a tool to boost the economy

Topic |   China property
A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters. A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters.
A man looks at the posters on a giant advertising board for second-hand apartments in the Liaoning provincial capital of Shenyang on April 17, 2014. Photo: Reuters.
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