People view a model of a Beijing development. Demand for luxury property fell after curbs made it harder to get mortgages. Photo: AFP

New leaders in Beijing face tough decision on property

Curbs introduced in 2010 to cool the market have worked, but home prices are still too high for the average buyer and growth has slowed

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People view a model of a Beijing development. Demand for luxury property fell after curbs made it harder to get mortgages. Photo: AFP
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