China will continue its efforts in curbing the speculative
demand and limit the investment-aimed demand in its real estate
sector so as to fetch the country a healthier housing market.
All localities must unify their thoughts and acts to the control
and readjustment policies released by the State Council on the
country's property market and jointly work to realize the
stabilization of housing prices and healthy development of the
property sector, said Chinese Vice Premier Zeng
Peiyan.
"And normal housing consumption need of residents should be
guided and encouraged in a reasonable way," he said.
The pace of the ongoing retooling process of China's property
structure should be accelerated in order to increase the proportion
of houses with middle or small sizes and prices, he said.
The amount of affordable and low-rent houses should be improved
too.
Local government, he said, must work out and improve a series of
measures to guide the construction and sale of affordable houses
and hence make low-income groups the real beneficiaries of the
policies as supposed in the end.
Information and transparency work for this sector must be
strengthened and finally serve to guide the country's property
market developing in a rational way.
However, Zeng said, the real estate sector should always and
unswervingly be taken as one of China's pillar industries and
efforts to that effect be made to push the sector grow in a
continuous and healthy manner, he said.
A report released by the National Development and Reform
Commission on Friday says property price in July rose 6.4 percent
year-on-year, while the urban housing price in the second quarter
rose eight percent. Although the average housing price in 70 big
cities showed the sign of slower growth, but the prices in Beijing
and Shanghai still remain high.
(Xinhua News Agency August 14, 2005)