Hangzhou to increase homestead supply to balance house prices

2009 Hangzhou (Shanghai) Economic Cooperation Fair and the 11th China West Lake International Exposition Press conference was held yesterday in Shanghai. The meeting revealed that with the completion of the high-speed railway next year, "work in Shanghai, living in Hangzhou," the "pendulum-style" way of life and employment will be very common.　　Hangzhou will increase the homestead supply, stabilize the property market, to prevent fluctuations in prices.　　Hangzhou Municipal Party committee secretary Guoping introduced, the completion of the next year's Shanghai-Hangzhou high-speed rail will make the Shanghai-Hangzhou trip shortened to 38 minutes, "work in Shanghai, living in Hangzhou" will become a reality. If "Work in Shanghai, live in Hangzhou," become a reality, will further stimulate the rise in Hangzhou house prices? When asked about the recent resurgence of speculation in the housing group and Hangzhou prices and other issues, Guoping pointed out that in recent years, the overall price of Hangzhou is still relatively smooth, to prevent violations of the property of the FRY to bid up prices, the city will be illegal speculation on the property of the action to increase the crackdown, management efforts to be taken to accelerate the launch of residential land, Increase the supply of residential land and other measures to stabilize prices.