China Review News (CRN) recently reported on the central government’s new real estate development policies. The primary message on housing policies that came out of the recently held Central Government Economic Conference was to speed up the construction of affordable stock housing projects. The Conference confirmed that the current strategy on controlling the housing market will remain unchanged and that the government is sticking to the goal of restraining housing costs so they are kept down to a reasonably low level. All members of the Standing Committee of the Chinese Communist Party Central Committee Political Bureau attended the Conference.
Source: China Review News, December 14, 2011