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Beijing bans property developers from selling retained investment residential units
April 14, 2017 / 8:09 AM / 5 months ago

Beijing bans property developers from selling retained investment residential units

BEIJING, April 14 (Reuters) - Beijing’s housing authority has further tightened its curbs on the Chinese capital’s property market, saying that property developers will not be allowed to sell their retained investment residential houses.

The rule is effective immediately, according to a statement posted on the website Beijing Municipal Commission of Housing and Urban-Rural Development on Friday. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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