Will housing prices be significantly affected if the supply of new land is on hold? The Ministry of Land and Resources says the total construction land supply will be fixed but space for housing development will still be assured.
Industrial space will be on the chopping block to prevent the rampant growth of new factories and even higher overproduction.
In the meantime, the ministry will watch the use of rural land traded in a national circulation system. That land is owned by farmer groups, and is traded for agricultural uses. The ministry says commercial development on those land is strictly prohibited.
Source: CCTV
