Posted inBeijing, China, Hong Kong, Macau

Even the mega-rich cannot buy homes on Hainan

Call it the Chinese way of property price control. Chinese speculators were jubilant last week after a series of moves were flagged that could turn Hainan into a Chinese version of Hawaii, with horse-racing and a lottery, but their mood quickly changed after another announcement on Sunday. That was because Beijing decided to impose strict […]

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