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December 25, 2017

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Adapting policies to home needs

Different policies on different housing will support first-home buyers and upgraders in China and curb speculation in 2018, an official has said.

“We should stick to the principle that housing is for living in, not for speculation, and improve the long-term mechanism to promote a steady, healthy housing market,” Wang Meng­hui, minister of housing and urban-rural development, said at a meeting.

Market monitoring and analysis should be improved to ensure the accuracy of policies, he added.

“We should move faster to put in place a housing system that ensures supply from multiple sources, provides housing support through multiple channels, and encourages both house purchases and rental,” he said.

Large and medium-sized cities with net population inflow should step up the development of the housing rental market and set up state-owned home renting companies, Wang said.

China will support home renting companies and build government-led rental management and service platforms.

Third and fourth-tier cities and counties should continue to reduce unsold housing, according to the minister.


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