Bloomberg reports that China is, "planning to restrict purchases of real estate by foreign investors to reduce speculation and prevent a property bubble, a government official said".New rules defining what type of overseas investor can buy property may be announced this month, Lin Zheying, deputy director general of the commerce ministry's Foreign Investment Administration, told reporters in Beijing today".
The article explains how, "the regulations may threaten plans by investors including Citigroup Inc. and Morgan Stanley to increase holdings of Chinese real estate after prices rose 7.1 percent in Beijing through May".
Full article: China May Restrain Foreign Investment in Real Estate (By Nerys Avery)
