Property biz requires more policy moves
1 week, 6 days ago

Property biz requires more policy moves

China Daily  

A view of a property project under construction in Yantai, Shandong province, in September. TANG KE/FOR CHINA DAILY China rolled out a number of policy measures in 2024 designed to reduce financial burdens and ease access for homebuyers, while also arresting the recent downturn in the country's real estate sector and guiding the industry toward a more sustainable development path, analysts said. Going forward, more forceful steps need to be taken to sustain recovery momentum in the real estate sector, they said, stressing that expanding the supply of government-subsidized housing and accelerating the redevelopment of urban villages will be high on the government work agenda, as well as addressing people's evolving preferences for improved living environments. Amid China's dedicated efforts to fine-tune housing policies, new home sales in 30 key cities monitored by the China Real Estate Information Corporation in November reached a new high this year, rising 3 percent from the previous month and 20 percent year-on-year. In mid-November, policymakers in various cities such as Beijing, Shanghai and Shenzhen unveiled new preferential tax policies aimed at lowering transaction costs for homebuyers, the latest step in a broader bid to stabilize the country's real estate market.

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Property biz requires more policy moves
Trending News
1 week, 6 days ago

Property biz requires more policy moves

China Daily  

By WANG KEJU | China Daily | Updated: 2024-12-27 10:42 A view of a property project under construction in Yantai, Shandong province, in September. TANG KE/FOR CHINA DAILY China rolled out a number of policy measures in 2024 designed to reduce financial burdens and ease access for homebuyers, while also arresting the recent downturn in the country's real estate sector …

Targeted incremental policies boosting growth
1 month ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

Targeted incremental policies boosting growth
1 month ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

Preferential tax policies to boost home sales
Top News
1 month, 2 weeks ago

Preferential tax policies to boost home sales

China Daily  

A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the central government's deployment, have shown the municipal governments' resolution in stabilizing the …

Preferential tax policies to boost home sales
1 month, 2 weeks ago

Preferential tax policies to boost home sales

China Daily  

Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. The new policies will reduce personal income taxes and deed taxes in home transactions, which can make trading costs more reasonable and help in stabilizing market expectations," …

Preferential tax policies to boost home sales
Top News
1 month, 2 weeks ago

Preferential tax policies to boost home sales

China Daily  

By WANG YING in Shanghai | China Daily | Updated: 2024-11-20 11:08 A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the …

Preferential tax policies to boost home sales
Top News
1 month, 2 weeks ago

Preferential tax policies to boost home sales

China Daily  

A building under construction in Shanghai. CHINA DAILY Preferential taxation policies unveiled by Shanghai and Beijing are expected to further enable the recovery of local real estate markets by lowering purchase costs and boosting market confidence, industry analysts said on Tuesday. "The policies, which are aligned with the central government's deployment, have shown the municipal governments' resolution in stabilizing the …

Preferential tax policy implemented to spur residential property sector
1 month, 3 weeks ago

Preferential tax policy implemented to spur residential property sector

China Daily  

By WANG YING in Shanghai | China Daily | Updated: 2024-11-15 09:06 Preferential tax policies — including lowering transaction costs — have been announced to actively support housing demand and ease financial strain among real estate developers, according to an announcement jointly published by the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural …

China announces tax relief measures to stabilize real estate sector
1 month, 3 weeks ago

China announces tax relief measures to stabilize real estate sector

China Daily  

A view of a property project under construction in Hangzhou, Zhejiang province. In a move aimed at stabilizing China's real estate sector, the government announced on Wednesday a series of targeted tax relief measures, effective from Dec 1，that are designed to bolster both housing demand and support for property developers. Individuals either purchasing first residence or second home, as long …

China announces tax relief measures to stabilize real estate sector
1 month, 3 weeks ago

China announces tax relief measures to stabilize real estate sector

China Daily  

A view of a property project under construction in Hangzhou, Zhejiang province. In a move aimed at stabilizing China's real estate sector, the government announced on Wednesday a series of targeted tax relief measures, effective from Dec 1，that are designed to bolster both housing demand and support for property developers. Individuals either purchasing first residence or second home, as long …

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy
1 month, 4 weeks ago

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy

Firstpost  

In the latest step to support ailing economy, China is expected to cut taxes for buying homes, according to Bloomberg In the latest step to support its ailing economy, China is expected to cut homebuying taxes, according to Bloomberg. The decision to cut homebuying taxes would come days after the announcement of a $1.4 trillion package to bail out local …

Some curbs on buying in top cities to remain
2 months ago

Some curbs on buying in top cities to remain

China Daily  

A view of a property project under construction in Yantai, Shandong province, May 12, 2024. In response, China's biggest cities, including Beijing, Shanghai, and Guangdong province's Guangzhou and Shenzhen, unanimously unveiled new policies to further free up the property sector late in September, with Guangzhou scrapping all existing home buying restrictions to become the first first-tier city to lift home …

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale
2 months, 1 week ago

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale

Live Mint  

China's residential property sales rose in October, marking the first on-year increase since 2024. The value of new-home sales increased by 7.1%, reversing a 37.7% slump in September. The improvement was driven by stimulus measures that eased borrowing costs and relaxed buying restrictions in major cities. However, analysts remain concerned about the sector's decline and the need for further policy …

Key Chinese cities adjust buying regulations to boost real estate market
2 months, 2 weeks ago

Key Chinese cities adjust buying regulations to boost real estate market

China Daily  

A saleswoman shows a model of a newly developed residential area to a potential homebuyer in Urumqi, the capital city of Xinjiang Uygur autonomous region. TIANJIN — North China's Tianjin municipality abolished restrictive measures on home buying on Wednesday, marking another major Chinese city to adjust housing purchase policies to stabilize the real estate market. Individuals who purchase commodity housing …

Home Sales Soar in Major Chinese Cities as Stimulus Measures Boost Sentiment
2 months, 3 weeks ago

Home Sales Soar in Major Chinese Cities as Stimulus Measures Boost Sentiment

China Daily  

Home sales in major Chinese cities have seen a rebound this month, as a series of recent stimulus measures have boosted homebuyer sentiment. The market has been bolstered by lower mortgage rates, lower down payment ratios, and relaxed purchase restrictions. This has led to a surge in home sales, particularly in major cities like Beijing, Shanghai, and Guangzhou. The stimulus …

China unveils new measures to stabilize housing market
2 months, 3 weeks ago

China unveils new measures to stabilize housing market

China Daily  

A property project under construction in Beijing. BEIJING -- Chinese officials announced new measures on Thursday to cement signs of stabilization in the property sector, after a bundle of pro-housing policies rolled out last month brought about "positive changes in the market." Under the "white list" mechanism launched in January, local authorities are recommending that financial institutions provide financial support …

Shanghai to further optimize local property policies
3 months, 1 week ago

Shanghai to further optimize local property policies

China Daily  

Potential homebuyers check models of housing projects at a real estate agency in Shanghai in April. WANG RONGJIANG/FOR CHINA DAILY Shanghai, China's economic hub, announced late Sunday that it will further optimize local property policies to better meet people's living demand, including lowering the threshold for non-local buyers, reducing down payment for both first-time and second home purchase, and expand …

China unveils raft of measures to stabilize property market
3 months, 1 week ago

China unveils raft of measures to stabilize property market

China Daily  

Xinhua | Updated: 2024-09-30 00:56 A clerk counts cash at a bank in Haian, East China's Jiangsu province, on June 24, 2020. BEIJING -- The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market. The pricing mechanism for interest rates of individuals' commercial housing mortgages …

Shanghai broadens home supply standards
4 months, 1 week ago

Shanghai broadens home supply standards

China Daily  

By WANG YING in Shanghai | China Daily | Updated: 2024-08-30 09:24 A construction crew works at a housing project in Shanghai in June. WANG GANG/FOR CHINA DAILY Shanghai announced policies to optimize housing supply standards in order to better address new buying demand, said experts on Thursday. "The new criteria will give real estate developers more free play to …

Shanghai broadens home supply standards
4 months, 1 week ago

Shanghai broadens home supply standards

China Daily  

A construction crew works at a housing project in Shanghai in June. WANG GANG/FOR CHINA DAILY Shanghai announced policies to optimize housing supply standards in order to better address new buying demand, said experts on Thursday. "The new criteria will give real estate developers more free play to optimize home designs in accordance with market needs, and it also echoes …

China exploring reforms in housing sales system to revitalize property sector
4 months, 1 week ago

China exploring reforms in housing sales system to revitalize property sector

China Daily  

Potential homebuyers look at property models in Huaian, Jiangsu province. BEIJING - China is pursuing reforms in its housing sales system with a shift from the traditional pre-sales practice -- homes being sold before construction is complete -- as part of a broader effort to steer the property sector to a healthy and sustainable path. "We will strongly and orderly …

Experts see real estate stability
4 months, 2 weeks 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's property market shows signs of warming despite price drop
4 months, 3 weeks ago

China's property market shows signs of warming despite price drop

China Daily  

A realty agent introduces a residential property model to a potential homebuyer in Hai'an, Jiangsu province. XU JINBAI/FOR CHINA DAILY BEIJING - Major Chinese cities saw home prices fall in July compared to the previous month, though the declines continued to narrow, aided by favorable policies, according to data from the National Bureau of Statistics released on Thursday. While those …

Economists advocate direct support to consumers
4 months, 3 weeks ago

Economists advocate direct support to consumers

China Daily  

By ZHOU LANXU and OUYANG SHIJIA | China Daily | Updated: 2024-08-13 09:25 Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of …

Promotion of the property sector development is a key focus
5 months, 3 weeks ago

Promotion of the property sector development is a key focus

China Daily  

As the deepening of reform practices continues, China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said the key focus should be placed on promoting …

Trade-in moves in housing gather steam
6 months, 2 weeks ago

Trade-in moves in housing gather steam

China Daily  

A property project under construction in Hefei, Anhui province. "Data from various cities showed their local trade-in initiatives are well underway, meeting the needs of potential homebuyers who plan to improve their housing conditions," said Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center. "Home trade-ins could spawn a market worth more than 1 trillion yuan, …

China’s biggest cities continue to ease home-buying policies
7 months, 1 week ago

China’s biggest cities continue to ease home-buying policies

Live Mint  

More of China’s biggest cities are easing home-buying policies, after top leaders recently signaled a shift to aggressive measures to resolve the country’s ongoing property crisis. “This policy easing reflect local governments’ echoing of central government and regulators’ rhetoric on May 17,” Morningstar analyst Jeff Zhang said, referring to a meeting of China’s top financial regulators that removed mortgage-rate floors …

Shanghai rolls out new measures to boost property market
7 months, 1 week ago

Shanghai rolls out new measures to boost property market

China Daily  

This photo taken on Nov 3, 2023 shows a city view of Shanghai at sunrise. Encompassing nine specific measures, the move aims to meet the diversified living needs of residents in an improved manner. Major measures include easing home-purchase restrictions further for non-Shanghai residents and divorced couples, allowing families with two or more children to purchase an additional home, and …

Key move at critical moment for property market
7 months, 2 weeks ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

Key move at critical moment for property market
7 months, 2 weeks ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

China unveils 'historic' steps to stabilise crisis-hit real estate sector
7 months, 3 weeks 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, 3 weeks 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.” …

Chinese Property Stocks Rally on Hope for More Policy Support
7 months, 3 weeks ago

Chinese Property Stocks Rally on Hope for More Policy Support

Hindustan Times  

Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to salvage the beleaguered property market. Chinese Property Stocks Rally on Hope for More Policy Support A Bloomberg Intelligence gauge of Chinese real estate stocks rose 2.8% after an 11% jump Thursday. “The meeting illustrates Chinese government’s seriousness about …

Measures released to digest housing inventories
7 months, 3 weeks 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 …

Stimulus key to realty stability
7 months, 3 weeks ago

Stimulus key to realty stability

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. The latest optimization measures adopted by China's major cities to absorb housing inventory have borne fruit, with buoyant market activity being witnessed, based on which experts said that they expect more policy fine-tuning to be unveiled to unleash even more potential demand, stabilize market …

Stimulus key to realty stability
7 months, 3 weeks ago

Stimulus key to realty stability

China Daily  

Potential homebuyers ask queries on housing projects at a real estate agency in Beijing in March. The latest optimization measures adopted by China's major cities to absorb housing inventory have borne fruit, with buoyant market activity being witnessed, based on which experts said that they expect more policy fine-tuning to be unveiled to unleash even more potential demand, stabilize market …

Beijing’s ‘Digest’ plan signals shift in China’s housing crisis
7 months, 4 weeks 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 …

China’s economy shows signs of improvement, but its property sector is still in the doldrums
9 months, 3 weeks ago

China’s economy shows signs of improvement, but its property sector is still in the doldrums

Associated Press  

HONG KONG — China’s manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday. The property market is “still in a state of adjustment and transition” but policies outlined at China’s annual legislative session earlier this month will promote “stable and …

New real-estate development mode key to solving housing market woes
9 months, 3 weeks 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 …

More policies set to back property sector
9 months, 3 weeks ago

More policies set to back property sector

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China is expected to roll out more policies to support the financing of real estate developers while improving the effects of policy implementation, amid increased efforts to improve their liquidity, thereby boosting the healthy development of the real estate industry, experts said on …

Demand recovery to be priority
10 months, 1 week ago

Demand recovery to be priority

China Daily  

A view of Beijing's CBD area. To achieve this year's economic growth target — which is expected to be set at about 5 percent — Su said that fiscal and monetary policies may need to be relaxed to boost domestic demand, including boosting the issuance of central government bonds to expand spending in areas like infrastructure. The People's Bank of …

China pledges more help for its ailing property market, as IMF forecasts economy will slow
11 months, 1 week 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 …

A slower, but healthier dragon year
1 year ago

A slower, but healthier dragon year

China Daily  

MA XUEJING/CHINA DAILY China heads into 2024 with relatively loose policy settings, but private sector sentiment constrained by property pessimism. Episodic credit events will persist so long as the "stock" problem of the sector remains unresolved, and we think authorities' policy response will be similar to that in 2023 — at arm's length when it comes to single-name default risks, …

Fine-tuned policies spark realty recovery
1 year, 2 months ago

Fine-tuned policies spark realty recovery

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. China's housing market led by first-tier cities is showing signs of regaining stability on the back of recent supportive measures, indicating the current downturn in home prices might have been checked for now, paving the way for a mild recovery, industry experts said on Thursday after reviewing the latest …

Property policies set to be optimized in first-tier cities
1 year, 5 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 …

Top Chinese leaders say economy 'facing new difficulties'
1 year, 5 months ago

Top Chinese leaders say economy 'facing new difficulties'

The Hindu  

China's top leaders said the economy was facing "new difficulties and challenges" in a meeting of the 24-person Politburo on Monday. "The meeting pointed out that the current economic operation is facing new difficulties and challenges, mainly due to insufficient domestic demand, operational difficulties for some enterprises, high risks and hidden dangers in key areas, and a complex and severe …

China extends, improves tax relief policies for businesses
1 year, 9 months ago

China extends, improves tax relief policies for businesses

China Daily  

BEIJING, March 27 -- China has extended and improved a raft of preferential tax and fee policies, according to multiple statements issued by the Ministry of Finance and the State Taxation Administration based on decisions made at a State Council meeting last week. For low-profit small enterprises, the portion of their annual taxable income that does not exceed 1 million …

China to ensure implementation of rent exemption policies for market entities
2 years, 2 months ago

China to ensure implementation of rent exemption policies for market entities

China Daily  

People wait to pick up takeaways outside a Chinese restaurant in Shanghai, on June 15, 2022. BEIJING -- Chinese authorities on Thursday called on local governments to roll out practical measures to reduce or exempt housing rents for market entities, and ensure that all rent relief policies and measures are implemented effectively. Small and micro companies and self-employed businesses in …

Pinched by housing downturn, Chinese families rein in spending
2 years, 4 months ago

Pinched by housing downturn, Chinese families rein in spending

Live Mint  

A two-decade boom in real estate made many Chinese families feel richer. “If more people suffer from income loss, the foundation that supports the bubble in the property market will be shaken," said 39-year old Ms. Tang, who works in the finance industry. As fears of declining home values deepen, more people will re-evaluate their spending and investment decisions, said …

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