Buyers look at models of new residential developments for sale in Beijing. Home prices in Beijing and three other major cities rose more than 20 per cent in November. Photo: EPA

Cooling measures fail to hold down home prices in top-tier cities

Authorities face a balancing act in trying to keep a runaway market in check while not wanting to trigger a downturn that may cause unrest

Topic |   China property

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Buyers look at models of new residential developments for sale in Beijing. Home prices in Beijing and three other major cities rose more than 20 per cent in November. Photo: EPA
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