Reported about 1 year ago
The property market is booming with both volume and prices rising, encouraged by the New Qing'an project, urging young people to buy houses. Despite government measures to cool down the market, high prices persist due to factors like loose conditions in financing and the surge in demand from high-income individuals. Scholars point out that the market was already like a gas barrel, and the New Qing'an project became the matchstick igniting the frenzy, leading to concerns about market stability and potential economic implications.
Source: YAHOO