Latest News:  
Beijing   Thundershower/Overcast    28 / 22 ℃  City Forecast

Home>>China Business

Ministry vows to curb land market fluctuations

By Zheng Yangpeng (China Daily)

15:41, July 13, 2012

A major regulator of China's land supply on July 12 vowed to "resolutely" curb abnormal fluctuations in the real estate market, amid concerns that the strict property policy might ease and prices may pick up again.

The Ministry of Land and Resources said the overall real estate market in the first half of the year showed a downward trend, with land supply and prices dropping. The ministry said that high land transfer prices reemerged in specific areas but that it did not believe that factor would change the overall market situation.

In the first half, land supply dropped compared to the same period last year, and the growth rate in land prices has declined, it said.

Land bids with a premium price over 50 percent decreased to 24 cases from 433 cases a year earlier, it added.

The ministry also said it has increased land supply for residential purposes in the first half.

The ministry also vowed to regulate local government's land transfers.


Leave your comment0 comments

  1. Name


Selections for you

  1. Jinan MAC conducts live-ammunition firing training

  2. Legless man ascends Songshan Mountain

  3. How to keep healthy in summer

  4. Spectacular book art show in Hong Kong

  5. Investigator: Arafat died of unknown poison

  6. Top expert sees H2 rebound

Most Popular


  1. Commercial property market a bubble to explode
  2. Assad inextricable part of peaceful transition
  3. Naval exercises routine, not warning to Japan
  4. Hanoi will feel pain for helping US return
  5. Cooperation keeps China-Africa ties strong
  6. China won't yield to Japan's moves over disputes
  7. Sea spat can draw mainland and Taiwan closer
  8. New regulations a chance to build clean govt
  9. Negotiations on COC in S. China Sea favor peace
  10. Hanoi will feel pain for helping US return

What's happening in China

Fake Viagra found in Nanjing

  1. Saved family apologize to dead rescuer
  2. Another woman tells of a forced abortion
  3. Visitor's killing raises mental health concerns
  4. Robust water contains excessive level of bacteria
  5. Ma calls for Taiwan textbook revision

China Features

  1. Why is TCM worth of commendation?
  2. Arabians pay heavy price for Arab Spring
  3. Master of pasted-paper sculpture
  4. China, US hold mixed attitudes toward each other
  5. China does not lack capital: CSRC Chair

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai