Measures taken to rein in property market

China launched a series of measures to help its property sector regain growth at the beginning of the global financial meltdown. But to curb speculation and hoarding of land, the country began rolling out polices to rein in soaring home prices since the end of last year. Let's take a look at some of the key measures.

Dec 7, 2009

At the China central economic work conference, the government maps out the policy to increase supply of residential housing.

Dec 9, 2009

A new policy resumes to impose a full business tax on transactions of homes held for less than 5 years, instead of the previous 2 years.

Dec 14, 2009

The State Council rolls out 4 key measures -- ensure supply, ease speculation, tighten supervision, and build more affordable housing.

Dec 17, 2009

Finance, land and audit authorities jointly state that developers must make a 50% minimum down payment while acquiring land.

Jan 10, 2010

The state council rolls out 11 key measures, including that down payment for the second property purchase should be no less than 40%.

Feb 23, 2010

Beijing cancels all favorable policies for home buyers. Non-mainland residents who have worked or studied in Beijing for less than a year will not be permitted to buy residential properties.