State Council, Circular on Issues Relevant to Improving the Regulation and Control of the Real Property Market
国务院办公厅关于进一步做好房地产市场调控工作有关问题的通知
State Council’s eight articles to further curb property prices.
Issue: March 2011
CLP Reference: 4110/11.01.26
Promulgated: 26 January 2011
Issued: January 26 2011
Main contents: In 2011, people’s governments of all cities shall, in accordance with the local economic development targets, growth rate of per-capita disposable income, and residents’ housing affordability, reasonably determine the local annual targets for price control of newly-built residential premises, and announce the same to the public per quarter (Article 1). The business tax policy for assignment of individuals’ residential premises shall be adjusted: where an individual sells his/her residential premises purchased for less...
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