Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg
Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg

Beijing beats Shanghai in property sales after policy relaxation

Capital beats Shanghai in transaction volume after a new definition of 'ordinary homes' allows owners to enjoy reduced tax and cheaper loans

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Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg
Transactions of ordinary homes now account for about 90 per cent of the total in Beijing after the new definition. Photo: Bloomberg
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