LINE

Text:AAAPrint
ECNS Wire

Beijing launches new crackdown on housing market irregularities

1
2018-09-20 13:20:36Ecns.cn Editor : Mo Hong'e ECNS App Download

(ECNS) - Authorities in Beijing have launched a fresh campaign against irregularities in the property market, Beijing News reported on Thursday.

A task force comprised of 11 governmental departments will focus on malpractices related to housing rents, speculation, illegal agencies or developers, and fake advertising before the end of the year.

Led by the Beijing Municipal Commission of Housing and Urban-Rural Development, the campaign also includes public security, the tax bureau, and the Beijing Banking Regulatory Commission.

A priority of the campaign is stemming speculation in school zones, where house prices are suspected of being "jacked up."

Dodgy practices by real estate agents will also be targeted, including violating the rights of tenants by forcing them out of contracts through threats and intimidation. Other are accused of fabricating housing sales contracts in order to pay less tax.

The public can call the 12345 government service hotline to file complaints about the real estate market. Authorities have vowed to establish a long-term mechanism for the ongoing regulation of the property market.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.