China Orders More Cities to Limit Home Purchases as Prices Rise

China Orders More Cities to Limit Home Purchases as Prices Rise

Tomohiro Ohsumi/Bloomberg

A model of the city of Shanghai is displayed at the Shanghai Urban Planning Exhibition Center. The government’s more than two-year effort to curb property prices has included raising down-payment and mortgage requirements, increasing construction of low-cost social housing and restricting home purchases in about 40 cities.