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Development and Reform Commission Planning New Housing Market Policies

Xinhua recently republished a report by the Yangtze Evening Post, which is part of the Xinhua Network, on the news that the Development and Reform Commission is drafting “tougher” policies governing the housing market that will have a wider scope than the recent “National Ten Stipulations.” The timing of the announcement will be based on the evaluation of the effectiveness of the current round of housing market regulations. Sources say the new policies will attempt to define the role of the government in the market. It is believed that the “National Ten” is still fresh and the new policies should hold – though having a backup plan is necessary.

Source: Xinhua, May 15, 2010