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

Topic |   China property

TOP PICKS

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