Posted inBeijing, China

Beijing bans new residential projects, as well as hotels, office buildings

Beijing has prohibited real estate developers to launch any new residential projects in Dongcheng and Xicheng districts, the core areas of the city, Since Finance reported. According to the category of Prohibitions and Restrictions on New Industries in Beijing, residential projects with a floor area ratio below 1.0 which are generally classified as villa-like projects, […]