The changes were part of measures to support the ailing real estate market, a pillar of China's economy which has been slowing from the impact of the global financial crisis.
'China has reduced the transaction taxes and fees significantly and there is now limited room for further cuts,' Qin Hong, deputy research head at the Ministry of Housing and Urban-Rural Development, told the official China Securities Journal.
Beijing has also repeatedly pledged to provide more affordable homes to accommodate its low-income population and plans to spend 900 billion yuan ($132 billion) in the next three years to build such homes.
