Investment interest in residential property has fuelled a mismatch between the stock of higher-end apartment buildings and the mass-market need for affordable housing.
There have been recent signs of trouble in the residential property industry.
This handsome sum would be enough to buy all the gold sitting in central Banks' vaults (indeed, twice over) or almost all of London's residential property.
Chongqing Municipality will impose a tax on high-end residential property in the first quarter of this year, in a bid to reign in soaring house prices, Xinhua reports.
But the report says price growth for high-end residential property around the world has slowed and it records a drop in price in certain prime locations.
Applied to the station, wharf, shopping malls, sports venues, residential property, factories, workshops and other large-scale operations.
For the station, wharf, shopping malls, stadiums, residential property, factories, workshops and other large-scale operations.
According to the property, currently in residential property owners in 1019, over half of the monthly tick more than 20 times.
Its land authority says land prices for high-end residential property have more than doubled since 2004 to 11,635 yuan per square meter today, despite a proliferation of housing developments.
Particularly suitable for airport terminal building, station, wharf, shopping malls, sports venues, residential property, factories, workshops and other large-scale operations.
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