+
Before
the Central Bank lowers the RMB reserve ratio, the Ministry of Housing and
Urban-Rural Development (MOHURD) had notified local governments, which
implement the property purchase restrictions, the deadline should be extended
for the current restriction.
+
Officials
at the MOHURD said without fully research and investigation for new policies,
there will not be adjustments to the current regulatory policies.
+
Related
Data: Property Transaction Data and Selling Price Indices
The policy of
limiting house purchase resulted in a considerable decrease in housing turnover
and a drop in house price growth.
Cities Implementing Purchase
Limit Policy and the Policy Duration
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