21 August 2019

Minister hints at shift in home price regulation, paper says

Housing minister Jiang Weixin {姜偉新} said the central government will adopt a “two-way” approach to the regulation of home prices, the Shanghai Securities News reported Tuesday. Jiang did not elaborate but unnamed housing ministry officials said the direction of the country’s housing policy is unchanged. Li Daokui, former member of the central bank’s monetary policy committee, said on his microblog that individual incomes will continue to grow quickly as long as there are no huge increases in home prices. Li also said the property market could take a soft landing.

– Contact HKEJ at [email protected]



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