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

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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