Beijing Metes Out More Punishment for Real Estate Violations

Xinhua: Beijing punishes developers, agents violating property sale ban

Six business apartment projects and 15 real estate agent offices in Beijing were punished Monday for violating a government ban aimed at cooling the red-hot housing market.

The six projects, including some belonging to China’s top developers Vanke and Evergrande, were banned from sale, while the 15 real estate agent offices were ordered to close shop for overhauls, according to the Beijing Municipal Commission of Housing and Urban-Rural Development.

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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