The art of realty control
China Daily | Updated: 2013-04-09 07:45
Is the net finally closing in on property speculation following Beijing's latest control measure?
The minimum down payment on a second home in Beijing will be raised to 70 percent from 60 percent, effective from Monday, according to local authorities.
The move is the latest initiative in a crackdown on speculative home buying, which is deemed to be a major driving force behind the surging home prices nationwide in recent years.
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