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No easing of housing curbs any time soon
Source: Xinhua |
March 3, 2012, Saturday
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Print Edition
Print Edition
HOUSING officials have reiterated China's commitment to bringing housing prices down to reasonable levels, dismissing rumors of a possible loosening in its control policies.
Wang Juelin, vice director of the Ministry of Housing and Urban-Rural Development's policy research center, said the tightening policies will stay in place for 2012.
"There will not be any easing, even after the 'two sessions' are finished," he said.
Wang's remarks came ahead of the annual sessions of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, where representatives from across the country will discuss issues of public concern.
Prospective homeowners and property developers are waiting for signs of change from the sessions, as intermittent easing policies in some regions have fueled policy-loosening hopes.
In one case, the municipal government of Shanghai said weeks ago that families who are not registered in Shanghai can buy second homes if they have obtained residence permits within the last three years, a move that contradicted the central government's restrictions.
Days later, the Shanghai government reversed course by issuing a notice that overruled its previous statement.
Similar reversals by the municipal governments of Foshan and Wuhu have been read by some as a way of testing the effect of policy loosening.
"The central government's position is not likely to change in the short-term, but there will be space for local governments to gradually ease policies," Qiao Hong of Morgan Stanley said.
Wang Juelin, vice director of the Ministry of Housing and Urban-Rural Development's policy research center, said the tightening policies will stay in place for 2012.
"There will not be any easing, even after the 'two sessions' are finished," he said.
Wang's remarks came ahead of the annual sessions of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, where representatives from across the country will discuss issues of public concern.
Prospective homeowners and property developers are waiting for signs of change from the sessions, as intermittent easing policies in some regions have fueled policy-loosening hopes.
In one case, the municipal government of Shanghai said weeks ago that families who are not registered in Shanghai can buy second homes if they have obtained residence permits within the last three years, a move that contradicted the central government's restrictions.
Days later, the Shanghai government reversed course by issuing a notice that overruled its previous statement.
Similar reversals by the municipal governments of Foshan and Wuhu have been read by some as a way of testing the effect of policy loosening.
"The central government's position is not likely to change in the short-term, but there will be space for local governments to gradually ease policies," Qiao Hong of Morgan Stanley said.
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