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Property Policy Support Needed To Lift Confidence -Housing Minister

CHINA PRESS
MNI (BEIJING)

More policy support is needed to ensure people can buy and rent houses with confidence, according to Ni Hong, Minister of Housing and Urban-Rural Development. In a recent interview, the minister said down payment ratios could be reduced, and reasonable support should be given for purchasing a second home. Restrictions on third home purchases should be in place to discourage speculators. More support should be given for those trading in old for new builds and for family’s with many children. Ni’s comments were reported in the Securities Daily.

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

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