China’s biggest cities have suspended land auctions after new rules failed to rein in prices.
The rules were introduced as part of president Xi Jinping’s campaign to reduce runaway house prices, but have instead had the opposite effect.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
- Breaking news, interviews and market updates
- Expert legal commentary, market trends and case law
- In-depth reports and expert analysis
China’s biggest cities have suspended land auctions after new rules failed to rein in prices.
The rules were introduced as part of president Xi Jinping’s campaign to reduce runaway house prices, but have instead had the opposite effect.
The FT (£)
