House Prices

house prices: BEIJING - In defying four years of official cooling efforts, China's soaring house prices reveal an uncomfortable truth: government is one of the biggest obstacles to the success of taming the market. , according to Reuters. With one hand on a patchwork of controls aimed at taming record house prices, governments with their other hand are at the same time selling land to developers at rising prices. By Xiaoyi Shao and Koh Gui Qing State income is so entwined in the need for rising land prices that policy efforts to try to curb the house market create an inherent conflict of interest. (www.immigrantscanada.com). As reported in the news.