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Soft landing expected for home market
Source: Xinhua |
December 10, 2011, Saturday
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Print Edition
Print Edition
CHINA'S housing market is expected to achieve a soft landing due to the effects that emerged from the government's strict house-buying limits, according to a think tank's report released yesterday.
The Annual Report on Development of Housing Market in China (2010-2011), released by the Chinese Academy of Social Sciences, said the dramatic rising trend of housing prices has been curbed preliminarily, with falls in both housing prices and sales.
On the basis of consolidating the current regulative achievement, China will keep a generally strict housing policy, while small adjustments are expected to be made in some areas to "meet certain conditions," in order to realize the soft landing of the housing market, the report said.
In October, 34 cities in a statistical pool of 70 major cities saw declines in new home prices from a month earlier, compared with 17 in September, according to data from the National Bureau of Statistics.
Generally, the falls in both housing prices and sales will continue from 2011 to 2012, the report said.
The Annual Report on Development of Housing Market in China (2010-2011), released by the Chinese Academy of Social Sciences, said the dramatic rising trend of housing prices has been curbed preliminarily, with falls in both housing prices and sales.
On the basis of consolidating the current regulative achievement, China will keep a generally strict housing policy, while small adjustments are expected to be made in some areas to "meet certain conditions," in order to realize the soft landing of the housing market, the report said.
In October, 34 cities in a statistical pool of 70 major cities saw declines in new home prices from a month earlier, compared with 17 in September, according to data from the National Bureau of Statistics.
Generally, the falls in both housing prices and sales will continue from 2011 to 2012, the report said.
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