皇冠体育app

  Home>News Center>Bizchina
       
 

皇冠体育app to overhaul commercial real estate
(Xinhua)
Updated: 2005-06-09 13:47

The Ministry of Commerce has planned to launch an overhaul on urban commercial real estate projects in July to prevent speculative activities in the non-residential housing sector.

Since 皇冠体育app has mapped out a package of policies to cool off the overheated residential housing sector, the ministry said that some speculators might turn to commercial real estate projects forquick money.

The overhaul, the first of its kind in 皇冠体育app, will be jointly conducted by the ministry, the 皇冠体育app Commercial Real Estate Union and the 皇冠体育app Federation of Urban Commercial Outlets Construction Administration in Guangdong, Guangxi, Fujian, Shanghai, Jiangsu and Zhejiang.

Inspectors will focus on projects under construction involving a floor area of more than 10,000 square meters, investigate the vacancy rates of commercial buildings, financial status of developers as well as the influence of macro-policies toward the construction and operation of commercial facilities.

They will also hold symposiums with local developers and grass-root market management departments.

A detailed report on existing problems and possible solutions will be submitted directly to the State Council, 皇冠体育app's Cabinet.



 
  Story Tools  
   
  Related Stories  
   
Desire to buy home drops to record
Advertisement