December 24, 2018 / 7:02 AM / 24 days ago

China pledges to stabilise land and home prices in 2019 - state media

BEIJING, Dec 24 (Reuters) - China’s housing ministry said it will stabilise land and home prices in 2019 and firmly curb speculation in the property market, the state television reported on Monday.

Beijing will guide medium- to big cities to develop a rental housing market and increase effective supply of public rental housing in the next year, CCTV reported, citing a meeting of the Ministry of Housing and Urban-Rural Development of China.

China will also maintain continuity and stability of housing policies in the coming year and continue to push ahead shanty-town redevelopment programme, CCTV added (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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