Beijing will not introduce real estate policy temporarily as the co-ordination problems in departments
Although on Oct. 22 State Council issued the document to give local governments the right to control the local property market, Beijing will not put the real estate policy to rescue the market temporarily.
National house prices fell 0.1%, but Beijing has 0.2% decline
National Development and Reform Commission announced the housing sales price index in 70 large and medium-sized cities in Sept., the housing prices rose 3.5 percent year-on-year, which reduced 0.1% compared with the previous month. But Beijing housing prices were reducing 0.2% compared with the last month, which is higher than the national average.
20 cities has launched the polices to rescue the real estate market
It is reported that relevant departments made a survey on Beijing real estate market, but the housing prices within Beijing Fourth Ring almost have no reduction. From this result, it is too early for Beijing to put forward the policy to rescue the market.
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