Capital's property price goal on horizon

Beijing will release its long-awaited property price control target in two days, a senior official revealed on Tuesday.

Part of nationwide efforts to cool the overheating housing marking, the target will cap the percentage increase for homes this year. It will be based on an evaluation of Beijingers' average income and spending power.

"We have organized related departments to do a lot of research," said Sui Zhenjiang, director of the capital's commission of housing and rural-urban development, during an interview on Beijing Public Service Radio. "The target has almost been fixed but needs some improvement."