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No new property tightening measures in Q3

07-08-2010 09:00 BJT

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China has no plans to launch a new round of property market tightening, in the third quarter. A senior official with the Ministry of Housing and Urban-Rural Development made the remarks, refuting earlier media reports.

The official added the government would step up efforts to implement existing tightening measures, which have already been carried out to rein in the red-hot housing market.

The Ministry of Land and Resources said over the weekend that property prices would fall in the third quarter, as the tightening campaign continued. This was interpreted by some media as indicating that the government was planning a new round of curbs.

Editor:Xiong Qu |Source: CCTV.com

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