For immediate release, 2009-03-06
by Hingyin Lee
Colliers International, Shanghai
In his Government Working Report to the National People's Congress (NPC) on 5th Mar, Premier Wen Jia-bao re-iterated to promote stable and healthy development of the property market. More pro-active and effective policies will be implemented to underpin market confidence and real estate investment, with a view to promoting stable and orderly development of the real estate industry. The government will increase fiscal injection to speed up implementation of welfare housing and public rental housing. Related mortgage and tax policies to encourage home purchase for own-use and purchase of second home, particularly for those in the ordinary housing segment, will be implemented.
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About Colliers International
Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$2 billion in 2007 and 293 offices in 61 countries. CMN can be found on the Web at http://www.colliersmn.com. Locally, Colliers professionals serve clients throughout China.
Contact Information
For further information, please contact:
Hingyin Lee, Director
Research and Advisory, Colliers International
Tel: 86 21 6141 3580
Email: Hingyin.Lee@colliers.com
Cindy Yang, Assistant Manager
Marketing & Communications, Colliers International
Tel: 86 21 6141 3604
Email: Cindy.Yang@colliers.com
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