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CHINA PRESS: Property controls will not be loosened if the establishment and
reform of the long-term property system does not have an impact or if people's
accommodation needs have still not been met, said Economic Information Daily in
a commentary on Tuesday.
- The central government and local governments are still diversifying their
property policies across different cities to target property bubbles and rein in
high housing prices in some cities;
- Tier-1 property markets will continue see tight controls, will likely not
see big changes in the short term;
- Shanty-town renovation projects, which are set to add 5.8 million housing
units this year, will buoy property investment growth this year.
***COMMENTS: Diversified property policy will continue into this year. As the
property market is expected to cool further, property controls could be reduced
at the end of this year.