The Ministry of Housing and Urban-Rural Development declared on Dec 25 that national controls to curb overinvestment in the property market will continue in 2013.
The ministry also said it will work to improve the system that provides information on personal residences in cities and villages.
The ministry plans to complete construction of 4.6 million apartments and launch 6 million new residential projects next year.
China tightened its curbs on the property sector in 2010, when home prices rose beyond the reach of average wage-earners.
The government released a series of restrictions to control house purchases in several cities by requiring higher down payments and introducing property taxes.
After the central government tightened policies for home purchases, property investors' enthusiasm cooled down dramatically in 2011, and housing prices fluctuated frequently in 2012.
yuran@chinadaily.com.cn
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
