Government Moves to Curb Rising Home Prices . . . In China

I has heard about this.  I had a client send me info on high rises in Hong Kong selling at $5000 psf!! 

Interesting information. I am hoping that what I heard about William McDonough's efforts for green construction in China is also accurate.

John -

Good for them.  Could it be that the Communists know more about how to run capitalism than US?

Good Grief!!

Reading that article was deja vu all over again.  I was almost transported to 2004. 

I could also visualize a large table with the Chinese leadership moving pieces of the economy around on the table like so many Monopoly pieces.

How can they curb demand for housing?  And the subsequent changes in local markets as a result?  Capping increases will cause an increase in demand and more price increases!

Regardless if the government response is effective, the fact that they recognize and question the sustainability is an interesting reaction.