Circular of the State Council on Resolutely Curbing the Excessive Rise of Housing Price in Some Cities

Circular of the State Council on Resolutely Curbing the Excessive Rise of Housing Price in Some Cities


Circular of the State Council on Resolutely Curbing the Excessive Rise of Housing Price in Some Cities

Guo Fa [2010] No. 10

April 17, 2010

The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government, all ministries and commissions of the State Council, and organizations directly under the State Council,

After the printing and distributing of the Circular of the General Office of State Council on Promoting the Steady and Healthy Development of Real Estate Market (Guo Ban Fa [2010] No. 4), some active changes have taken place in the national real estate market on the whole. But recently the trend of rapid rise in the house price and land price of some cities has occurred and speculative house purchase becomes active again, which should call for great attention. With a view to better determining the responsibilities of each region and each relevant department, resolutely curbing the excessive rise of housing price in some cities, and faithfully resolving the housing problem of urban residents, relevant issues are hereby set out as below:

I. All regions and all relevant departments should faithfully fulfill their responsibilities of stabilizing the house price and guaranteeing people's housing.
1. Unify our thinking and enhance our awareness. The housing problem, vital to national wellbeing and the people's livelihood, is not only an economic problem but also an important problem related to the livelihood of people that influences the social stability. High prices and fast rises make it more difficult for residents to solve housing problems through market, increase financial risks and go against the harmonious development of economy and society. All regions and all relevant departments must be fully aware of the damage brought about by fast rise of house price, earnestly implement the policies determined by the Central Government for regulation of the real estate market, and adopt resolute measures so as to curb excessive rise of housing price and to promote the improvement of people's livelihood and development of economy.
2. Establish an appraisal and accountability system. The work responsibility system shall be implemented in stabilizing prices and guaranteeing housing where the provincial people's governments take the overall responsibility and the people's governments of cities focus on the implementation. The Ministry of Housing and Urban-Rural Development, the Ministry of Supervision and other departments shall appraise relevant work of the provincial people's governments, strengthen supervision and examination, and establish the system for interview, inspection and accountability. Those that do a poor job in stabilizing house price and promoting the construction of security housing and thus influence the social development and stability shall be investigated and penalized.

II.
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