Sun, January 08, 2012
Business > Economy

Beijing to continue housing purchase restrictions

2012-01-08 03:14:18 GMT2012-01-08 11:14:18(Beijing Time)  Xinhua English

Beijing municipal authorities have denied on Sunday that the restriction on home purchases will soon ease to boost market. [Xinhua]

BEIJING, Jan. 8 (Xinhua) -- Beijing municipal authorities said Sunday that real estate control measures will be continued to bring housing prices to reasonable levels.

The municipal housing and urban-rural development committee made the remarks responding to local media reports Saturday that Beijing authorities would soon allow home purchases by non-Beijing registered families who have been paying social security or income tax for three straight years, easing from current five straight years.

Beijing will continue its regulatory measures on the real estate sector, which aim to bring the housing prices to reasonable levels, said the committee in a statement via its official microblog.

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