Real Estate Prices Frozen In Tianjin Disaster Area

The Binhai New District Planning and Land Resources Administration has held discussions with housing developers in the area, requesting that new-build prices not increase in the wake of the Tianjin explosions, which has resulted in the developers promising to freeze prices to pre-disaster levels. The policy will affect 5073 for-sale apartments in Binhai, Tianjin Eco-city and Beitang District which were damaged in the disaster but were salvageable and have since undergone repairs. Many netizens understood the policy as a promise not to reduce prices.


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