Beijing’s city government has told property websites to take down advertisements promising investment returns or even good feng shui amid an escalating drive to cool prices in the capital’s bubbling housing market.
Sites have until midnight tonight to delete ads saying a home will rise in value, or mentioning “feng shui and other feudal superstitions”.
Chinese officials have warned in recent months of the risk of bubbles developing in the world’s biggest property market, where prices rose roughly 30 per cent last year in top cities such as Beijing and Shanghai.
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