Apartment towers Shenzhen, which experienced 52 per cent growth in home prices in January, prompting speculation the city government may soon introduce cooling measures. Photo: Reuters

PBOC cut in RRR seen adding fuel to China’s red hot property market

Central bank’s decision could free up additional 700b yuan for lending, adding to the frenzied market in tier-1 cities but not helping destocking in smaller cities

Topic |   China property

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Apartment towers Shenzhen, which experienced 52 per cent growth in home prices in January, prompting speculation the city government may soon introduce cooling measures. Photo: Reuters
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