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Theses moves were believed to be the reasons behind the plunge in housing transactions in the capital city,
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The State Council, the country's Cabinet, rolled out a series of harsh measures in April to curb soaring home prices, including a tightened credit policy,
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According to Yahao Real Estate, a Beijing-based property brokerage firm,
mercurial vapor, Beijing had 21 housing projects go on sale in June, with an average opening price of 23,
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Not counting economically affordable and price-limit houses, 41,457 residential units were sold in Beijing in the first half of this year, down 43.9 percent from the same period last year, National Business Daily reported Friday.
The Beijing government issued even tougher rules to curb housing speculation, banning all families from buying more than one house, from May 1.
According to a report issued by Beijing Homelink Real Estate Brokerage Co,
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Despite the government's efforts and tough rules aimed at cooling the runaway housing market, Beijing residents still think housing in the capital is too expensive.
2010-07-02 11:11
In a survey conducted by the Beijing Statistics Bureau during April and May, more than 98 percent of respondents described prices in the city's housing market as "high" or "relatively high."
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