China halts land supply for building luxury
villas
BEIJING, May 31 (Xinhua) -- China has prohibited the
supply of land for building luxury villas as of Wednesday, Wang Shiyuan, vice
minister of land and resources, announced.
The land supply for low-density and large houses will
also be strictly controlled, he said. The new policy constitutes part of the
national effort to curb soaring housing prices.
Wang said the ministry will comb luxury housing
projects across the country to ensure the implementation of the new policy.
However, critics have said the effect of the new
policy is hard to gauge as key government departments are yet to agree on the
definition of a "villa".
China moves to curb soaring house prices
BEIJING, May 29 (Xinhua) -- China's State Council Monday
issued a circular that aims to increase the supply of affordable housing in a
bid to bring down soaring house prices.
The circular, worked out by the Ministry of
Construction, the National Development and Reform Commission and seven other
departments, says all local governments must list the building of affordable
homes in their 11th five-year program.
New measures expected to curb soaring
house prices
BEIJING, May 21 (Xinhua) -- China's new macro measures are
expected to curb soaring house prices and the increasing amount of empty
commercial buildings.
A State Council meeting last Wednesday announced six major
policies for China's real estate market, emphasizing that tight tax, loan and
land regulations would be put in place to restructure the real estate industry.
Property cooling measures
imminent
BEIJING, May 22 -- A new round of measures by
China’s central bank and government ministries to cool the real estate sector is
imminent, State media said during the weekend, but analysts had doubts about how
effective the steps would be.
The China Securities Journal said the central bank will soon take targeted measures to curb credit to the real estate sector to flesh out a directive from the State Council, China’s cabinet, earlier last week requiring relevant government agencies to take appropriate steps to rein in overheated sectors of the market.
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