Wednesday, February 20, 2013

China seen trying to curb property market further.

China is expected to introduce more measures to dampen rising property prices, while several cities have already reportedly tightened credits of housing provident fund loans. The speculation dragged down the main indexes on the mainland and in Hong Kong. It comes after home sales in China's 10 largest cities jumped almost four-fold to 8.5M square meters in the first five weeks of the year.