USEUROPEAFRICAASIA 中文双语Français
Home / Top News

Measures to tame property market

By Hu Yuanyuan | China Daily | Updated: 2011-01-27 07:44

2nd-home down payment raised to 60%; price targets 'must be set'

BEIJING - The State Council raised the minimum down payment for second-home buyers to 60 percent from the current 50 percent on Wednesday, and called on local governments to set price targets in the latest move to rein in property prices.

The new measures are expected to further cool speculation in the housing market after property prices in 70 major cities posted their fourth straight month-on-month rise.

Measures to tame property market

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US