Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Real estate market policies aim to guarantee investment
+ -
14:52, June 29, 2009

 Related News
 China's proportion of land value in housing price is far below UK and US
 China Focus: Chinese urban home buyers wait for property market to stabilize
 China's real estate index up in May
 Concerns behind real estate market revival
 Commercial property norms relaxed
 Comment  Tell A Friend
 Print Format  Save Article
There are no major changes in the current demand pattern in the real estate market, the situation of reducing transaction volumes to stabilize prices has begun to change, confidence is recovering and the whole property market is improving, according to Qin Hong, deputy director of the policy research center under the Ministry of Housing and Urban-Rural Development.

Qin believes that the current real estate market policies have a clear objective to guarantee investment. The adoption of a series of relaxed monetary policies and tax reduction will encourage residents to purchase property.

In 2008, 600 million square meters of commercial residential housing was sold across China, down 20 percent year-on-year but nevertheless higher than that of any year before 2006. In the first five months of 2009, sales of commercial residential housing in China recovered rapidly with a 25 percent growth rate.

"This shows that China's real market demand remains solid in the current stage of fast-developing urbanization and upgraded consumption," Qin said, adding, "but as far as the real estate industry is concerned, market fluctuations will be affected by external factors for a long time."

Meanwhile, living conditions in cities are steadily improving. The development and improvement of cities strongly supports the growth in real estate demand.

By People's Daily Online



  Your Message:   Most Commented:
India's unwise military moves
Veiled threat or good neighbor?
China slams Clinton's June 4 comments
13 more bodies from Air France flight 447 recovered
To Be or Not To Be-- reflourishing bicycle in China

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/90860/6688925.pdf