Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Industries

    China sticks to tight property market regulation

    Xinhua | Updated: 2018-06-13 14:07
    Share
    Share - WeChat
    A saleswoman (center) talks with customers at a real estate sales office in Huai'an, Jiangsu province. [Photo by Zhou Changguo/China News Service]

    BEIJING - With a flurry of recent property market controls, Chinese authorities have demonstrated their will to keep a lid on housing prices, not just in metropolises but also in smaller cities.

    Over 40 cities unveiled property market regulations a total of 50 times in May, a monthly record for frequency, according to the latest statistics from Centaline Property.

    While home prices in the country's top-tier cities remain stable due to tight regulation, the market in smaller cities has showed signs of perking up.

    In third-tier cities, month-on-month new home price growth accelerated by 0.2 percentage points in April from March, and that for second-hand homes was 0.1 percentage point faster, official data showed.

    "The housing price fluctuations in third-tier and fourth-tier cities were the major reason behind the intensive regulation," said Centaline Property analyst Zhang Dawei.

    Until recent months, China's property curbs had focused on big cities, while authorities in smaller cities, mostly troubled by a large number of unsold houses, had been trying to encourage sales.

    With the market warming in lower-tier cities, local governments have rolled out stricter restrictions on home purchases and sales, presale pricing and mortgage ratios, while supporting the development of rental housing. Some have adopted a lottery-like registration system for buying homes.

    In late April and early May, the Ministry of Housing and Urban-Rural Development, the country's top property regulator, arranged talks with senior government officials from 12 cities, mostly in the northeast and central China, on real estate market regulation.

    Many of these cities, including Hefei, Foshan, Harbin, Chengdu and Taiyuan, released stricter property market policies after the talks.

    Local governments should stick to real estate market management goals and not loosen regulatory measures, the ministry said in a statement last month, citing notices of market speculation in some cities.

    Chuancai Securities attributed the home price rises in lower-tier cities to government programs to transform shanty town areas. Residents living in these areas are usually given money in compensation for moving out and have greater purchasing power for new houses.

    Meanwhile, many local governments in third- and fourth-tier cities have adopted preferential policies, including housing subsidies, to attract talent.

    "The policies to appeal to talent have increased demand for home purchases, resulting in a supply strain that has led to expectations for higher home prices," said Zhang.

    The latest round of market tightening has had an effect on the smaller cities.

    In May, of 18 third- and fourth-tier cities monitored, the seven cities with relatively tougher regulation saw new home sales fall 2 percent by floor area from March, while the 11 cities with mild regulation or none saw sales surge 20 percent, according to a report by E-house China R&D Institute.

    Analysts believe authorities will continue their differentiated approach to property market regulation with more curbs in cities where housing prices have grown significantly.

    "The housing purchase lottery system could be adopted by another 20 cities or more in future," said Zhang.

    Wang Yeqiang, a researcher with the Chinese Academy of Social Sciences, predicted that the real estate market of third- and fourth-tier cities would cool in the second half of this year as local governments gradually tighten regulation.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    日日麻批免费40分钟无码| 中文自拍日本综合| 潮喷失禁大喷水无码| 日韩中文在线视频| 久久99久久无码毛片一区二区| 日本无码WWW在线视频观看| 中文字幕无码一区二区三区本日 | 日本按摩高潮a级中文片| 亚洲∧v久久久无码精品| 久久精品亚洲乱码伦伦中文| 亚洲毛片av日韩av无码| 东京热加勒比无码视频| 无码专区天天躁天天躁在线| 中文字幕无码毛片免费看| 视频一区中文字幕| 中文字幕aⅴ人妻一区二区| 久久精品无码免费不卡| 久久久久久亚洲AV无码专区| 亚洲桃色AV无码| 亚洲国产午夜中文字幕精品黄网站| 中文字幕人妻无码系列第三区| 成人免费无码H在线观看不卡 | 无码中文字幕av免费放dvd| 乱人伦中文无码视频在线观看| 中文字幕在线资源| 中文字幕日本在线观看| 人妻精品久久久久中文字幕69| 亚洲国产a∨无码中文777| 最近免费中文字幕MV在线视频3| 中文字幕丰满乱子无码视频| 亚洲AV无码一区二区三区在线观看 | 日韩人妻无码一区二区三区99| 中文午夜乱理片无码| 成人无码WWW免费视频| 国产丝袜无码一区二区三区视频| 中文字幕无码久久精品青草 | 无码人妻精品一区二区三| 亚洲国产精品无码一线岛国 | 成在人线AV无码免观看麻豆| 精品无码人妻夜人多侵犯18| 无码AV波多野结衣久久|