Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check

//Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check

Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check

Quinn Wang, 48, a mid-level manager with a manufacturer of chemical products owned by the local government, is very disappointed by the Shanghai government’s efforts to keep home prices in the city under control.Wang plans to sell one of the three flats he owns in Shanghai to pay for his son’s education abroad. “Frankly, it is disappointing to me that austerity measures [introduced] to rein in home prices will be unchanged this year,” he says. “I cannot afford to wait for a rebound since my son…

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By | 2020-01-26T10:45:12+00:00 January 26th, 2020|Business|Comments Off on Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check