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Southern cities Guangzhou and Shenzhen join a flurry of Chinese cities adding measures to cool the overheating property market

he measures include increased down payments of as much as 70 percent for second-home buyers and limits on how many homes can be owned by individuals. New home prices in Shenzhen rose by 36.8 percent in August from the previous year and 21.1 percent in Guangzhou.
1 year ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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