CPPCC member expects no relax of real estate policy

Government controls on the real estate market will not relax this year, even though the desired results have been achieved, said a member of the National Committee of the Chinese People’s Political Consultative Conference on Sunday.

Li Xiaolin, who is board chairman of the Linda Group whose business includes real estate, said housing prices have stopped rising sharply across China and have dropped in some areas. “So I think the government control on real estate has achieved the desired results.”

In addition, Li advised the government to build more rental and low-rent housing which would remain in government hands, rather than build more affordable housing that can be bought and sold by private individuals.