China Expands Home-Purchase Limits
Housing transactions in major cities have declined in recent months following a series of anti-speculative measures. However, transactions in second- and third-tier cities have increased due largely to investors moving further inland where the restrictive policies aren't as rigorously enforced.
"Purchase restrictions in some first-tier cities are having an effect and big property developers are starting to cut prices. So the government probably wants to take the restrictions to other cities to curb speculation," said Michael Klibaner, Asia-Pacific regional director at Jones Lang LaSalle.