China pledges to stabilize land and home prices in 2019: state media


China pledges to stabilize land and home prices in 2019: state media
A man cleans the glass roof at an apartment block in Beijing, China June 28, 2018. REUTERS/Jason Lee

China’s housing ministry said it will stabilize land and home prices in 2019 and firmly curb speculation in the property market, the state television reported on Monday.

Beijing will guide medium- to big cities to develop a rental housing market and increase effective supply of public rental housing in the next year, CCTV reported, citing a meeting of the Ministry of Housing and Urban-Rural Development of China.

China will also maintain continuity and stability of housing policies in the coming year and continue to push ahead shanty-town redevelopment program, CCTV added.

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