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CHINA PRESS: Beijing City Likely To Relax Some Housing Rules

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Beijing city is expected to scrap standards for ordinary and luxury residential housings which will help reduce transaction taxes on housings above 120 square meters and support upgrade demand, 21st Century Business Herald reported citing analysts. The capital city still has the strictest purchase restriction policy in China, leaving room for relaxation, the newspaper said citing Chen Wenjing, research head at China Index Academy. Beijing also needs to play a leading role to stabilise market expectations, Chen added. 

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Beijing city is expected to scrap standards for ordinary and luxury residential housings which will help reduce transaction taxes on housings above 120 square meters and support upgrade demand, 21st Century Business Herald reported citing analysts. The capital city still has the strictest purchase restriction policy in China, leaving room for relaxation, the newspaper said citing Chen Wenjing, research head at China Index Academy. Beijing also needs to play a leading role to stabilise market expectations, Chen added.