The Ministry of Housing and Urban-Rural Development (MOHURD) recently announced that monitoring and analysis of real estate markets should be strengthened to promote the construction of welfare housing projects. Furthermore, any behavior that violates market order will be punished.Developers’ illegal behaviors like "hoarding houses" aimed at misleading the public to push up housing prices will be prevented.
Wen Linfeng, director of the real estate research division at the Policy Research Center of MOHURD said at present, it is inappropriate to release a "universal" market restriction measure as there are rather large regional differences in housing prices. People’s Daily Online reports that despite this, the relevant departments will urge key cities such as Beijing, Shanghai, Shenzhen, Guangzhou and Hangzhou to strengthen their regulation of supply and demand to stabilize their housing prices.
The local governments of the cities with surging housing prices should make careful medium- and long-term plans with respect to land supply, to avoid an imbalance of supply and demand and stabilize market expectations.
You must log in to post a comment.