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Property measures produced desired effects

05-12-2010 09:16 BJT

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Despite property prices remaining at a relatively high level, the National Bureau of Statistics says recent tightening measures targeting the property sector HAVE produced the desired effects.

Sheng Laiyun, Spokesman, National Bureau of Statistics, said, "The still high level of housing prices doesn't mean the macro policies are not effective enough. Before the launch of tightening measures in mid-April, housing prices and transactions remained on an upward trend. That bolstered the property market's overall expansion for April. While after the release of the policies, the market was filled with a wait-and-see attitude. The runaway housing prices were curbed although still lingering at the high level. And transactions also began to go down. I believe the effectiveness will become clearer in the near future."

Editor:Zhang Jingya |Source:

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