China Studies Controlling Developers’ Profits, China News Says
This article is for subscribers only.
China is studying ways to control developers’ profits to keep home prices at a reasonable level, the China News Service reported today, citing the National Development and Reform Commission.
The government is studying real-estate companies’ costs and profitability and plans to apply a 1995 regulation on curbing excess profits to commercial housing, the report said, citing Xu Kunlin, head of the NDRC’s pricing supervision department. The move is part of measures being considered to regulate developers’ pricing practices, the report said.