Home › News ›

China takes measures to curb soaring housing prices

Posted by: Feng Zhang
Thanks to: Feng Zhang
31 May 2006 - 11:00am

Aggressive steps were taken by China to restrain soaring housing prices and discourage real estate speculation.

"The new measures by the State Council included tighter lending standards and higher minimum down payments. They came only a week after banks were told to favor families buying their first homes and to cut back on lending to investors in expensive luxury villas and apartments."

Full Story: Measures taken to curb soaring housing prices
Source: China Daily, May 29, 2006
»
Bookmark and Share
“
For the past half century we have been building communities for the wrong reasons. We built them to sell cars. This created all sorts of problems.
”