SHANGHAI, Mar 1 (SMM)—China’s real estate market has been under intensive regulation since the beginning of 2021. According to statistics, China has issued more than 60 real estate-related regulation and control policies in various regions in 2021, especially in the key cities, in order to penalise housing speculation and cool down the heated real estate market during CNY.

The real estate control policies were carried out in three aspects:

•The funding policies strictly controlled the flow of funds from other channels to real estate market.

•Administrative restriction policies tightened the land transfer methods, house price changes, house purchase qualifications, mortgage interest rates and application qualifications.

•Regulatory policies severely penalised price bidding and illegal real estate transactions.

Industry insiders predict that in first-tier cities, rigid housing demand will gradually increase amid the economic recovery, the housing market in second-tier cities will usher in a shift of growth, and the third and fourth-tier cities with long-term net population outflow will see the sluggish market for lack of demand support. Hence the housing market will not feel the heat under the key policies against speculation.