Under construction apartment blocks on the outskirts of Beijing. Developments in far-flung areas – such as most of the price-capped homes – are not very popular. Photo: Reuters
Under construction apartment blocks on the outskirts of Beijing. Developments in far-flung areas – such as most of the price-capped homes – are not very popular. Photo: Reuters

New Beijing price-capped homes fail to excite homebuyers

Introduction of 20,000 such homes in the next few months could weigh on prices

Under construction apartment blocks on the outskirts of Beijing. Developments in far-flung areas – such as most of the price-capped homes – are not very popular. Photo: Reuters
Under construction apartment blocks on the outskirts of Beijing. Developments in far-flung areas – such as most of the price-capped homes – are not very popular. Photo: Reuters
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