But a year and a half ago, the government moved aggressively to dampen multiple property purchases – raising down payments to 50% for second homes and to 100% for third homes. While that halted much speculative activity, house prices have remained at elevated levels – underscoring lingering affordability issues for China’s emerging middle class.
中国房地产市场也不会走向崩溃。没错，房地产建设热以及过度投机的情况都发生了。但一年半前政府着手重拳压打击购买多套住宅的行为——购买者必须为第二和第三套住房分别预先支付50%和100%的房款。但此举虽然遏制了许多投机行为，房价却依然维持在高位——提示中国不断壮大的中产阶级依然难以承担房价。