Beijing scrapped a rule limiting prices of pre-owned homes in popular district

<p>South China Morning Post with the report today:</p><ul><li>Authorities in Beijing have scrapped a rule that limited the listing of prices of pre-owned homes in Haidian district, a move intended to boost demand and prop up the country’s slumping property market.
</li><li>In Haidian, a district known for its good schools and access to quality education, 29 properties are now publicly advertising their listing prices for pre-owned homes, as reported by local news outlets.
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Properties whose ownership grants students free admission to prestigious schools nearby were previously prohibited from listing their prices due to inflated demand between 2020 and 2021. A price restriction was also put in place by the Haidian district property association in September 2021 to rein in a price surge and stabilise the market.</li></ul><p>The freeing up of prices has seen a boost to enquiries report local agents. </p><p><a href="https://www.scmp.com/business/china-business/article/3234296/beijing-scraps-limits-listing-prices-pre-owned-homes-popular-haidian-school-district-bid-prop-demand" target="_blank" rel="nofollow">Link here</a> (may be gated ) for more.</p><p>That's a huge area of the city …. </p><p>ps. Country Garden has received approval to extend another yuan bond</p>

This article was written by Eamonn Sheridan at www.forexlive.com.