Home>News Center>Bizchina>Business

Beijing to restrict construction in 2005
Updated: 2005-01-08 14:23

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.

  Story Tools