Mar
10
Shanghai Authorities Said to Discuss Ways to Cool Property
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Measures weighed include mortgage tightening for some buyers
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Home prices in the city surged 18% in January from a year ago
Shanghai authorities held a meeting on Tuesday to discuss measures to cool a surge in property prices after recent frenzied residential homebuying, according to people familiar with the matter.
The municipal government’s National Development and Reform Commission held discussions with regional authorities from the People’s Bank of China and the China Banking Regulatory Commission, said the people, who asked not to be named because the matter isn’t public. Possible measures weighed include tightening mortgage policies for second-home buyers who plan to purchase larger properties, the people said…