Shanghai’s local government has banned sales of residential units built on land designated for retail and office space. Photo: AFP
Shanghai’s local government has banned sales of residential units built on land designated for retail and office space. Photo: AFP

Listed developers in limbo after Beijing, Shanghai crack down on ‘commercial flats’

The problem could deter developers from acquiring commercial land in the future, analysts warn

Shanghai’s local government has banned sales of residential units built on land designated for retail and office space. Photo: AFP
Shanghai’s local government has banned sales of residential units built on land designated for retail and office space. Photo: AFP
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