An east China city that has sparked attention with its housing subsidies has said the policies are aimed at dousing speculation of a potential loosening of property market controls.
The Ministry of Finance on Monday released a series of measures in an effort to guarantee funding for affordable housing projects in 2012.
The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.
Beijing municipal authorities said Sunday that real estate control measures will be continued to bring housing prices to reasonable levels.
A total of 2,349 officials with the Communist Party of China (CPC) were found to have illegally possessed or traded affordable houses this year, according to Party and government authorities.
Restrictions on housing purchases in Beijing will continue next year without relaxation despite expected falls in property prices so far, local officials said on Friday.
A new policy on public rental housing is allowing more low- and middle-income families to apply for homes. But people without permanent residence permits must wait for more details to be released before they can take advantage of the change.
A tycoon famous for his outlandish charitable stunts is offering to sell property at huge discounts to people who have made significant contributions to the nation.
Electronic trading houses, which conduct transactions in commodities, artifacts and precious metals, have seen their numbers grow in the past five years from a few dozen to more than 300.
The nationwide fall in the price of new houses that began recently does not mark the end of China's efforts to stave off a real estate bubble. Rather, it is only the beginning of the end.
As was expected, the traditional "golden September and silver October", the peak sales season for the country's housing market, did not materialize this year due to the introduction of a series of regulatory measures by the government.
The central government's emphasis on building more affordable houses is also considered an effective way of containing rising housing prices and facilitating healthy development of the property market.
About 85 percent of Chinese people surveyed say that housing is a more reliable way to finance retirement than having children, according to a Manulife-Sinochem Life Insurance.
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