It feels like the calm before the storm at the Heavenly Famous Garden housing complex in Tongzhou, a booming commuter town on the outskirts of Beijing. The showroom is empty and for the past two months not a single flat has been sold, yet prices have not budged. Something has to give.
It is situations such as this that are testing the nerve of Chinese authorities as they try gradually to cool an economy that was at risk of overheating earlier in the year.
One of the main tactics has been a campaign to drive speculators out of the property market, which is the reason sales in Tongzhou are frozen.
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