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Happy Land-Buying Days Return to Beijing

World Property Chennel
Happy Land-Buying Days Return to Beijing - Beijing - home sales - China

Homes sales are up in Beijing more than a year after the government imposed tough regulations on property sales.

The real estate market in China's capital had cooled after the government announced a mix of credit and tax policies, restricted purchases of second or third homes in some cities and launched massive subsidized housing projects for low-income residents.

Premier Wen Jiabao vowed on July 7 the government will continue to monitor real estate market regulations, hoping that move will curb speculation in the property sector. 

Still, China Daily reports, there have been signs of growth in recent weeks with increasing land sales.


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