Shanghai is among mainland Chinese cities to have backed aggressive controls to help curb soaring home prices. Photo: Reuters
Shanghai is among mainland Chinese cities to have backed aggressive controls to help curb soaring home prices. Photo: Reuters

Shanghai developers receive pre-sale permits to begin luxury sales, but there’s a catch

Pre-approved government pricing means that Shanghai property developers may see their profit margins sharply constrained

Shanghai is among mainland Chinese cities to have backed aggressive controls to help curb soaring home prices. Photo: Reuters
Shanghai is among mainland Chinese cities to have backed aggressive controls to help curb soaring home prices. Photo: Reuters
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