Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters
Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters

Welcome to Jiaxing: where China’s red-hot property market has come to town

Scarcity and high prices are forcing developers to lap up more affordable plots in smaller cities, and local authorities are struggling to stay in control

Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters
Jiaxing’s government sold 32 blocks last year and plans to sell 51 this year. Photo: Reuters
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