China takes further measures to cool the property market, with Beijing banning single-person...

|By:, SA News Editor

China takes further measures to cool the property market, with Beijing banning single-person households from purchasing more than one home. The city is also increasing the minimum down-payment for those who want to acquire a second property. Researcher Yi Xianrong isn't convinced by the measures, which "are aimed more at short-term problems rather than the long-term healthy development of the property market."