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Efforts bear results
Source: Xinhua |
April 27, 2011, Wednesday
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Print Edition
Print Edition
THE State Council, China's Cabinet, yesterday said efforts of local governments to regulate the real estate market have seen some preliminary results.
"Speculative housing demands have been contained, and the sales volume of new and existing homes dropped month on month while home prices stayed generally stable," it said in a statement.
The State Council had sent eight inspection groups to 16 provinces, regions and municipalities to supervise their work of regulating the home markets from April 10 to last Thursday.
"Speculative housing demands have been contained, and the sales volume of new and existing homes dropped month on month while home prices stayed generally stable," it said in a statement.
The State Council had sent eight inspection groups to 16 provinces, regions and municipalities to supervise their work of regulating the home markets from April 10 to last Thursday.
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