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Further property curbs expected

China Daily
A salesman talks with potential homebuyers at a real estate fair in Qingdao, Shandong province. With the government making an effort to rein in the once-overheated property market, growth in investment in real estate development in the country slowed down in the first seven months of the year. Yu Fangping / For China Daily

A salesman talks with potential homebuyers at a real estate fair in Qingdao, Shandong province. With the government making an effort to rein in the once-overheated property market, growth in investment in real estate development in the country slowed down in the first seven months of the year. Yu Fangping / For China Daily


Authorities said to have lowered annual land supplies to 159,300 hectares Officials in some provincial governments have already been given warnings by the central government that they are not adhering strictly enough to curbs and policies introduced to keep property prices in check.



According to reports, 16 inspection teams sent out in July to check whether policies werebeing followed are back in Beijing after gauging the scale of the recent property price upturnas a result of lax implementation of government policy.

The investigators are believed to be preparing their reportsand these are expected toshape future property policywhich is now widely predicted to see some further tightening.

The sending out of inspection teams was the result of what many are calling China'sproperty market "spring", which has seen prices in some major citiesincluding Shanghai,Guangzhou and Beijingshowing early sign of a sharp "Uturn.

According to a report in Shanghai Securities Newsciting a source close to a member of theteamsthe central government has now given warnings to some local authorities who werefound not to be following the original guidelineswith the aim of maximizing revenue fromland sales.


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