China Clamping Down on Home Flippers

The Chinese government has announced their intention to increase the stock of affordable housing and tax homes sold within five years or less of purchase.

From Bloomberg News: "China is not likely to take 'heavy-handed policy measures' next year as 'any sharp correction in the property market may hamper overall economic growth,' Fitch Ratings wrote in a report today.

The policies announced yesterday to reduce property-price increases should aid economic growth because the government will boost the supply of homes rather than limit investment, Bank of America-Merrill Lynch economists Lu Ting and T.J. Bond said in an e-mailed note today."

Full Story: China Developers Fall as Government Targets Housing

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00