Beijing Aims to Stabilize New Home Prices, Joining Other Cities in Curbs | China Digital Times (CDT)

Beijing, following the lead of other Chinese cities, is using introducing new measures to stabilize housing prices.

the Chinese central government has announced policy changes to curb housing speculation. From Global Property Guide:

Measures approved in January 2011 to cool China’s housing market:

• Higher down payments for second homes (from 50% to 60%)
• More areas where home purchases are limited.
• The government is also testing new property taxes in Shanghai and Chongqing, in southwestern China.

Beijing Aims to Stabilize New Home Prices, Joining Other Cities in Curbs | China Digital Times (CDT)