Blue Book of Real Estate Warns of Tighter Measures
Published:
2011-05-06
The Chinese Academy of Social Sciences and Social Sciences Academic Press jointly released an annual report on China's real estate sector yesterday. According to Li Enping, the associate editor of the "Blue Book of Real Estate: Annual Report on the Development of China's Real Estate (No. 8)," high demand for housing will eventually ease as demographic changes begin to bite. The report also emphasized the importance of easing the reliance of various governments on revenue from land sales and also urged policy makers to expand the current property tax pilot programs being tested in Shanghai and Chongqing nationwide.
Source
Shenzhen Evening News
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