Shanghai Property Market Is `Overheated,’ Top City Official SaysBy
Metropolis aims to strengthen housing regulations, Han says
City’s most-senior official speaks at briefing in Beijing
Shanghai’s most-senior official said the city’s property market has “overheated” and should be more tightly controlled after a recent surge in residential housing prices.
“An irrational and overheated sentiment have emerged in the Shanghai real estate market, and these sentiments have raised home prices,” Han Zheng, the city’s Communist Party chief, said at briefing during annual legislative meetings in Beijing Sunday…
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