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Suffocating supply
HOME > PAST ISSUE > PERSPECTIVE [Premium content]July 2006
New measures aimed at cooling the the real estate market are destined to have a minimal impact
On the face of it, a regulator that insists on restricting supply in an attempt to cap prices risks ridicule at the very least. In a socialist market economy they may just get away with it but such measures are unlikely to achieve much beyond a modest slowdown in market activity for a few months.
Evidently last year's policies have not had the desired effect as residential prices have risen quickly across the country - up 15% in Beijing and 35% in Shenzhen in the first quarter ...
Evidently last year's policies have not had the desired effect as residential prices have risen quickly across the country - up 15% in Beijing and 35% in Shenzhen in the first quarter ...
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