Caixin
May 06, 2010 02:25 PM

Regulator Booms Calm Fears of a Real Estate Bust

 


A new salvo in the fight to control China's booming real estate market was fired April 15 when the State Council raised the mandatory down payment ratio for buyers of second homes.

In the weeks that followed, additional yet complementary market controls were announced by several government ministries and departments. Then local governments started to follow suit with more specific rules based on local conditions.

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