Reported about 1 year ago
Scholar Zhang Dingxuan pointed out that the government has not taken any effective actions to curb housing prices, with policies like 'New Qing'an' actually serving as the opposite. Despite recent tightening measures on second home loan limits and stricter regulations, most believe they will have no impact on the hot housing market. Zhang forecasts that concrete policies for market control are unlikely to be seen until Q4 this year, as the government still needs precise official data analysis before making decisions. Suggestions to curb the housing market include increasing supply through government-led construction and implementing a real estate transaction tax to truly deter short-term buying and selling.
Source: YAHOO