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Buyers in East China go on housing spree

( Updated: 2016-02-28 14:39
Buyers in East China go on housing spree

Staff in East China prepare for buyers at the Real Estate Trading Center in the Baoshan district of Shanghai, Feb 27, 2016. Considering the large numbers of potential customers, the center controlled numbers by only allowing a limited number in at a time. [Photo/Weibo]

Cities such as Shanghai and Hangzhou have seen a home buying spree in recent days amid housing inventory dropping, since the government issued a series of policies such as cutting deed and business taxes to spur purchases.

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