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Bloomberg
China may impose a nationwide cap on real estate commissions to boost demand in the flagging property market and regulate brokerage fee collection, according to people familiar with the situation.
Authorities are considering a range of 2% to 2.5% of the sale price as a guide, one of the people said, asking not to be identified discussing a private matter. The cap, once in place, is likely to be adjusted every one to three years based on market conditions, the people said.
Discussions about the policy are still ongoing and no final decision has been made on the policy timeline and fee cap, the people said. An announcement on the proposed policy could come as soon as the end of January, they added.
The housing ministry didn’t immediately respond to a request seeking comment.
The cap would add to a series of moves announced by Beijing in recent months to
revive a housing market that’s been battered by restrictions on company borrowing and Covid-19 lockdowns.