Land Ministry Calls for Halt to Land Sales

The Ministry of Land and Resources said third- and fourth-tier cities with housing inventory problems may need to reduce or halt land sales.
Ministry of Land and Resources said today that we must resolutely implement the central authorities on the real estate regulation and control of major decisions to speed up research and development in line with national conditions and adapt to the law of the basic land market system to promote the healthy and stable development of the real estate market. The establishment of classification control system. The distinction between indemnificatory housing and commercial housing, the implementation of affordable housing land should be guaranteed as far as possible, according to supply and demand situation of commercial housing due to city policy, the establishment of residential land supply classification management system. On the housing prices to pressure the city to a reasonable increase in land supply, land use structure adjustment, increase the proportion of residential land; to reduce the great inventory pressure in third- and fourth-tier cities will reduce or even suspend residential land supply.

No comments:

Post a Comment