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The property market in China is.........>
CHINA PRESS: The property market in China is undergoing a transition as controls
on property sales tighten and rental house policy is pushed forward, the Xinhua
News Agency reported Sunday. The toxic circle of "tighter controls, higher
prices" is expected to be broken because rising housing prices have been reined
in, policies to reduce inventories of unsold houses have worked, while financing
controls and the provision of new land for development have curbed speculation,
the report said. Half of residential housing problems in big cities can be
solved by housing purchases and half through rental housing, the report argued.
The emphasis on both housing purchases and rental housing will be a long-term
policy for the property market, the report said. (Xinhua)
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.