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
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China property
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