Shanghai officials say they are serious about capping property price growth. Photo: Xinhua Shanghai officials say they are serious about capping property price growth. Photo: Xinhua
Shanghai officials say they are serious about capping property price growth. Photo: Xinhua

Shanghai vows to rein in booming property market amid evidence workers are put off from working there

City plans cooling measures as expensive real estate drives away workers and provides stumbling block to its plans for expansion

Shanghai officials say they are serious about capping property price growth. Photo: Xinhua Shanghai officials say they are serious about capping property price growth. Photo: Xinhua
Shanghai officials say they are serious about capping property price growth. Photo: Xinhua
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