China to enhance regulating property market in 2011
China to enhance regulating property market in 2011 (Xinhua) Updated: 2010-12-29 21:41 Comments ( 0 ) Print Mail Large Medium Small BEIJING -- China will enhance regulating its property market in 2011 and strengthen implementation of the tightening measures already unveiled by the government, a senior official said Wednesday. Jiang Weixin, minister of Housing and Urban-Rural Development, said at a national work conference that China would clamp down on speculative home purchases and curb excessive growth in property prices next year. Related readings: Court mulls 60-year housing row China vows to tame housing prices Wen vows to tame housing Housing price data reform to take effect The country has rolled out a string of tightening measures to cool the real estate market in 2010, including suspending mortgages for third-home purchases, speeding up trials of property taxes and raising down payment requirements for first-ho...