Home » Business » Real Estate
New set of policies to deal with real estate
Print Edition
CHINA will adopt differentiated policies to address problems in the country’s divergent property market, Jiang Daming, minister of land and resources, said yesterday.
Land supply in first-tier cities will be raised to stabilize home prices and local governments will receive full support from the central government in their effort to curb soaring prices.
China’s property market has seen divergent performances with top-tier cities and some key second-tier ones witnessing a buying surge while lower-tier cities continued to suffer from a supply glut and weak demand.
Home prices in the 70 cities monitored by the National Bureau of Statistics rose faster in January with gateway cities and a selected number of second-tier ones seeing the most significant increases, the bureau said last month.
Nationwide, Shenzhen led as month-on-month price increase surged from December’s 3.2 percent to a gain of 4.1 percent in January. Shanghai was next with a 2.6 percent gain.
On average, the growth in home prices in first-tier cities accelerated 0.5 percentage points and 1.2 percentage points in the new and pre-owned markets, compared with a 0.1-percentage-point rise for both markets in second-tier cities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
