The 5 per cent cap means Suzhou wants prices to drop for the remainder of the year, as increases so far already exceed this target. Photo: Shutterstock

Government, developers in Suzhou, ‘Venice of China’, agree to limit property price rises at 5 per cent after uptick in sales, sentiment

Prices in city’s Suzhou Industrial Park hit 35,574 yuan per square metre, in line with level in neighbouring Shanghai

Topic |   China property

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The 5 per cent cap means Suzhou wants prices to drop for the remainder of the year, as increases so far already exceed this target. Photo: Shutterstock
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