Crackdown on land hoarding
By Wang Qian | China Daily | Updated: 2010-01-07 07:50
Local govt targeted in latest move to curb rising home costs
The central government will crack down on the hoarding of undeveloped land in an effort to tackle rising property costs, officials from the Ministry of Land and Resources said.
Zhu Liuhua, the ministry's director of farmland protection, said local governments would be penalized if land is left idle two years after it was approved for use by the central government.
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