In an effort to come to grips with a property market that for the past half decade has been simmering on and off the edge of overheating, China implemented news rules on property purchases aimed to slow speculation while making housing available to genuine first-home buyers. But are the measures enough to cool the market and keep the economy on track
TheyÆre a start. The State Council issued a circular earlier this week detailing the specific measures to stabilise property prices. It marks the first concrete policy package since the State CouncilÆs ôsix pointsö guideline issued on May 18.
Here are the four key regulations that will have the most impact on cooling the market...
¬ Haymarket Media Limited. All rights reserved.