Chinese vice premier urges efforts to ensure delivery of housing projects
7 months, 1 week ago

Chinese vice premier urges efforts to ensure delivery of housing projects

China Daily  

Workers are seen busy at a construction site in Huai'an, Jiangsu province, in December. BEIJING -- Vice Premier He Lifeng on Friday urged efforts to push forward the construction of government-subsidized housing, dual-use public infrastructure that can accommodate emergency needs, and the redevelopment of urban villages. Efforts should be made to address risks concerning unfinished commercial housing projects, ensure the delivery of housing projects and push forward the de-stocking of commercial housing, he said. He said the real estate market involves people's immediate interests as well as the country's overall economic and social development, calling for efforts to categorize and promote the disposal of under-construction commercial housing projects that have been sold but are hard to deliver. He also urged continued initiatives to fend off and defuse debt risks concerning property developers, and ensure the delivery of housing projects in an orderly and effective manner.

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History of this topic

Housing pension to enhance living quality
3 months, 3 weeks ago

Housing pension to enhance living quality

China Daily  

Workers renovate an old residential building in Xi'an, Northwest China's Shaanxi province, on April 1, 2020. China's pilot housing pension system in 22 cities, including Shanghai, aims to better facilitate existing housing upgrades and enhance people's living environment, said an official and real estate experts, dispelling fears of the system being a new form of property tax. Yan Yuejin, vice-president …

Housing pension to enhance living quality
3 months, 3 weeks ago

Housing pension to enhance living quality

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. China's pilot housing pension system in 22 cities, including Shanghai, aims to better facilitate existing housing upgrades and enhance people's living environment, said an official and real estate experts, dispelling fears of the system being a new form of property tax. Yan Yuejin, vice-president of Shanghai E-House …

Experts see real estate stability
4 months ago

Experts see real estate stability

China Daily  

A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China's real estate industry is expected to stabilize gradually amid stronger policy support for reducing inventories, improving new supplies and easing liquidity stress of developers, as the country accelerates the establishment of a new development model for long-term high-quality development of the sector, experts said. …

China unveils 'historic' steps to stabilise crisis-hit real estate sector
7 months ago

China unveils 'historic' steps to stabilise crisis-hit real estate sector

Hindustan Times  

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the property sector. After waves of support measures over the past …

China rolls out new measures to fix its property crisis, spur growth
7 months ago

China rolls out new measures to fix its property crisis, spur growth

Associated Press  

China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year. He Lifeng, a vice premier, said officials would roll out policies to suit each city and “fight the tough battle of dealing with the risk of unfinished commercial housing.” …

Measures released to digest housing inventories
7 months, 1 week ago

Measures released to digest housing inventories

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. It is required to abide by the spirit of the Political Bureau of the Communist Party of China Central Committee meeting on April 30, fully implement the central government's work deployment, respond to the latest supply and demand conditions as well as people's expectation …

Beijing’s ‘Digest’ plan signals shift in China’s housing crisis
7 months, 1 week ago

Beijing’s ‘Digest’ plan signals shift in China’s housing crisis

Live Mint  

Beijing’s newfound focus on a housing glut marks a sea change in how senior officials view China’s festering property crisis, setting the stage for rescue efforts that could range from unprecedented easing for home buyers to billions in state spending to buy up unsold projects. Chinese policymakers’ passing mention last week of plans to consider “policy to digest existing housing …

New real-estate development mode key to solving housing market woes
9 months, 1 week ago

New real-estate development mode key to solving housing market woes

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. The policies recently announced by the top authorities indicate that the country will strive to seek breakthroughs by stabilizing the market, preventing risks and promoting transformation, while actively building a new mode of real estate development. Although the task of stabilizing the real estate market is still …

China pledges more help for its ailing property market, as IMF forecasts economy will slow
10 months, 3 weeks ago

China pledges more help for its ailing property market, as IMF forecasts economy will slow

Associated Press  

BANGKOK — Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to slow in coming years. “Financial support for the development of the housing rental market should highlight key points and target shortcomings, mainly in large cities, focusing …

Property policies set to be optimized in first-tier cities
1 year, 4 months ago

Property policies set to be optimized in first-tier cities

China Daily  

Potential homebuyers check out housing projects at a real estate agency in Beijing, June 24, 2023. Local housing authorities in some first-tier cities, including Beijing, Shenzhen and Guangzhou, will put latest property policies in place, better meet people's basic and upgraded demand for housing, promoting the stable and healthy development of the real estate market. According to the meeting, it …

Beijing finds way to meet rental housing demand
2 years, 11 months ago

Beijing finds way to meet rental housing demand

China Daily  

Editor's Note: Since the launch of the housing reform in the mid-1990s, the housing sector, including rental housing, has developed in different ways in urban and rural areas, mainly because of the availability of land, writes a veteran journalist with China Daily in the third of a series of commentaries on housing. Since the demand for low-rent housing needs to …

For China, reining in real estate is a high-stakes balancing act
3 years ago

For China, reining in real estate is a high-stakes balancing act

Al Jazeera  

Authorities are loosening lending and home approvals even as Beijing pushes to reduce economy’s reliance on property. “Beijing wants to ensure that there’s sufficient liquidity to maintain construction in the property sector,” Janz Chiang, an analyst at Trivium China in Beijing, told Al Jazeera. “While they are most likely to continue with their policy trajectory to cool the property market, …

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