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China Matters: Beijing Adopts New Measures to Ease Restrictions in the Real Estate Market
February 24, 2009
By
Vivian Lam,
& Neil A. Torpey
Two and a half years after the adoption of Circular 171, Chinas central government has begun introducing stimulus measures in the real estate sector. In December 2008, the central government issued Circular 131, which paved the way for local governments from Beijing to Shanghai to implement new real estate policies, ranging from increased tax incentives, preferential interest rates on second mortgages, and loosened residential purchase restrictions on foreigners.