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Beijing to restrict construction in 2005
(Xinhua)
Updated: 2005-01-09 13:59 The municipal government of
Beijing will restrain the structure and scale of real estate development in the
city in 2005, according to a senior municipal official.
"It's necessary
to restrict those areas which have blind and excessive construction," said Ding
Xiangyang, director of the Beijing Municipal Commission of Development and
Reform, on Thursday.
The municipal government will impose strict
limitations on the construction of office buildings, apartments, hotels and big
shopping malls inside the Third Ring Road, Ding said.
The government will
also control land supply and increase commercial housings of middling quality to
maintain a steady real estate market, Ding added.
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