View of construction under way in the Canal Core Area, a planned financial hub on the outskirts of Beijing in Tongzhou district. The finished buildings in the back are residential towers that snuck in before authorities tightened the vetting process for the area. Photo: Zheng Yangpeng
China property firms sneak residential flats into big new financial centre planned in Beijing’s Tongzhou district
- Homebuyers rushed in to buy up flats in towers intended for commercial use before government tightened up vetting process
- Financial hotbed will have thousands of residences, many of them rented to commuters
View of construction under way in the Canal Core Area, a planned financial hub on the outskirts of Beijing in Tongzhou district. The finished buildings in the back are residential towers that snuck in before authorities tightened the vetting process for the area. Photo: Zheng Yangpeng
