Shanghai Trying to Cool Housing Market

Reuters: Shanghai to increase supply of small homes to cool market
Local authorities in Shanghai issued new rules to increase the supply of medium- and small-sized apartments after the recent surge in home prices in the city, official media reported on Tuesday.

The financial centre would ensure the land supply for homes smaller than 100 square meters accounts for at least 70 percent of total land supply in downtown areas while the ratio was lowered to 60 percent for suburb areas, the Xinhua news agency quoted Shanghai Land Bureau as saying.

The move would make Shanghai the first Chinese city to take measures to cool the overheating housing market in big cities.
This is mild compared to the measures being mulled in Shenzhen, which include raising down payments and qualifications for purchase.

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