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3Novices:Shanghai blocks sales of commercial property converted for residential use

The Shanghai authorities have called off the approval of any new apartments to be built on land designated for commercial use, their latest measure in response to a broader campaign to curb the red-hot property market in China’s biggest cities.
According to a document released by the Shanghai housing authorities, any planned residential projects converted from offices and shops will not be granted sales approval, while the relevant departments will re-examine cases where the projects have…
May 18, 2017 at 01:21PM http://ift.tt/2qutFWL
#3Novices #News #OnlineMedia #China 3Novices China

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