Beijing municipal officials have been battling to prevent a price bubble in the city’s residential market. Photo: Reuters
Beijing municipal officials have been battling to prevent a price bubble in the city’s residential market. Photo: Reuters

Beijing city unveils price controls in battle to cool housing bubble

Municipal officials release white paper prohibiting real estate developers from raising prices above levels charged in 2016

Beijing municipal officials have been battling to prevent a price bubble in the city’s residential market. Photo: Reuters
Beijing municipal officials have been battling to prevent a price bubble in the city’s residential market. Photo: Reuters
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