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Ministry of Housing To Boost Demand, Avoid Speculation

CHINA PRESS

Authorities will take measures that improve housing demand and boost market confidence in 2023, but avoid speculative practices, the Ministry of Housing and Urban-Rural Development said at its recent Work Conference. The ministry said it plans to continue the transformation of shanty towns and support for young people, and will start construction of 3.6 million affordable rental housing units. It will work towards improving the balance sheets of high quality developers, and ensure policies can be adjusted to suit conditions at the local level.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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