7 de­tained for spread­ing prop­erty ru­mors

China Daily (Canada) - - NEWS CAPSULE -

Seven real es­tate agents in Shang­hai have been de­tained for spread­ing ru­mors about new gov­ern­ment prop­erty re­stric­tions, which have been blamed for a jump in di­vorce rates and a buy­ing frenzy in China’s com­mer­cial hub, lo­cal po­lice an­nounced.

The seven sus­pects al­legedly spread ru­mors on­line over new prop­erty curbs for bet­ter sales and com­mis­sion fees, ac­cord­ing to a po­lice state­ment.

Ru­mors spread on so­cial me­dia and web­sites since late Au­gust said that un­der a new reg­u­la­tion in the city start­ing Sept 1, those who have been di­vorced less than a year will face re­stric­tions and higher min­i­mum down pay­ments and mort­gage in­ter­est rates.

The ru­mors trig­gered a rush to mar­riage reg­is­trar’s of­fices in Shang­hai, even though the city gov­ern­ment later de­nied it was plan­ning any changes to the city’s home pur­chas­ing rules.

Home sales in the city nearly dou­bled in the week of Au­gust 22-28 com­pared with the pre­vi­ous week, as buy­ers an­tic­i­pated stricter rules. Hous­ing prices also went up 5.6 per­cent from the pre­vi­ous week.

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