Further relax real estate market

As China's real estate market keeps warming up, series of favorable properties policies introduced in the second half of 2014, such as the further relaxation of purchase controls and lower lending rates, are considered the main reasons behind the recovery.

New suggestions have been drafted and submitted to authorities on measures regarding tax and purchase controls in a bit to further stimulate the market demand and recovery next year.

Chinese homebuyers look at models of residential apartment buildings during a real estate fair in Rizhao city, east Chinas Shandong province, on Aug 16, 2014. [Photo/IC]