Netizens oppose suspension of new real estate policies

14:40, August 16, 2010      

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China Real Estate Association will suggest that relevant departments of the State Council suspend the introduction of new real estate control policies, the association's Vice President Zhu Zhongyi recently said. However, according to a survey conducted by, over 83 percent of respondents are opposed to the suggestion.

Netizens believe that since the association's members are all real estate developers, it is natural for Zhu to speak and behave on the behalf of those companies.

Zhu said that he can understand netizens' doubts and explained that the main purpose of making the suggestion is to stabilize the current chaotic expectations of consumers and developers. The consistency and stability of existing policies must be maintained to help the real estate market gradually become healthy and orderly.

When asked about the focus of China's real estate regulations in the second half, Zheng Xinli, executive vice president of the China Center for International Economic Exchanges, said that sharp declines in housing prices will produce adverse effects on economic and social stability, so the country's macro control measures should be aimed at preventing violent fluctuations in housing prices.

The focus of government regulations should be curbing the skyrocketing housing prices in some cities, especially the first-tier cities, which have experienced sharp rises.

A report released by the National Bureau of Statistics on Aug. 10 shows that completed investments in the real estate sector in July dropped nearly 30 percent from June. The floor space of newly started commercial housing in July fell nearly 40 percent from June.

In addition, the average housing price in 70 large and medium-sized cities rose over 10 percent in July compared to the same period of last year but was the same as that of June this year.

By People's Daily Online
Additional support provided by LOTO


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