Pursuits
Adrenaline Shot From China Housing Boom May Spur 2017 Hangover
- New home sales surged 61% by value in September, data show
- Pillar of economic growth may weaken as property curbs imposed
Residential buildings under construction in Chongqing, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s moves to cool rampant property prices may have had an unintended consequence -- unleashing a stampede of buyers seeking to get in ahead of further restrictions.
With attempts to avert a bubble intensifying -- property curbs have been rolled out in at least 21 cities and developers even banned from using words like ‘exclusive’ and ‘cheapest’ in advertising -- that boon to realtors pay checks may be about to end.