Shanghai Authorities Said to Discuss Ways to Cool Property
- Measures weighed include mortgage tightening for some buyers
- Home prices in the city surged 18% in January from a year ago
Labourers renovate a roof of a residential lane house in Shanghai on August 21, 2014. Foreign direct investment (FDI) into China dropped by more than a sixth year-on-year to a two-year low in July, the government said, but denied any link to Beijing's multiple probes into foreign companies. AFP PHOTO / JOHANNES EISELE (Photo credit should read JOHANNES EISELE/AFP/Getty Images)
Photographer: Johannes Eisele/AFP via Getty ImagesThis article is for subscribers only.
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.