China’s biggest cities continue to ease home-buying policies
6 months, 3 weeks 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 for first and second homes. Analysts say the meeting marked a turning point, as Beijing became more aggressive about resolving a yearslong property crisis in the world’s second largest economy. Investors will watch property sales in Tier-1 and Tier-2 cities in coming months as well as any specific measures from the central government to buy unfinished projects and any housing trade-in programs, analysts say.

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History of this topic

Preferential tax policies to boost home sales
Top News
1 month 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 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 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 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, 1 week 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 …

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy
1 month, 1 week 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
1 month, 2 weeks 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 …

Homebuyer Confidence Soars as Government Measures Stabilize Property Market
1 month, 2 weeks ago

Homebuyer Confidence Soars as Government Measures Stabilize Property Market

China Daily  

Market confidence is growing in China's residential property market, with indicators suggesting a potential turnaround after three years of adjustments. The government has announced supportive measures to stabilize the market, including increased support for the housing sector and broader economic policies. Experts believe that these measures will boost household confidence and encourage homebuying decisions.

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months
1 month, 3 weeks ago

China Housing Market Shows Signs of Recovery: First Positive Growth in 15 Months

China Daily  

China's new and secondhand home transactions show signs of recovery, marking the first positive growth in 15 months. The combined transaction volumes of new and secondhand homes increased by 3.9 percent year-on-year in October, indicating a significant turnaround following eight months of consistent decreases since February. The real estate market in major cities may experience a 'mild winter' this year, …

China Residential Property Sales Rebound as Stimulus Boosts Buyer Morale
1 month, 3 weeks 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 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 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 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
2 months, 3 weeks 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 …

Housing market hopeful of mortgage rate cuts
3 months, 1 week ago

Housing market hopeful of mortgage rate cuts

China Daily  

A bank employee addresses customer queries on home loans in Haian, Jiangsu province, in July. XU JINGBAI/FOR CHINA DAILY China's housing market expectations for a further decline in existing mortgage rates have turned stronger, real estate industry observers said on Wednesday. Zou Lan, head of the monetary policy department of the People's Bank of China, said during a news conference …

Shanghai broadens home supply standards
3 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 3 weeks 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 …

China's property market shows signs of warming despite price drop
4 months, 1 week 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 …

Trade-in moves in housing gather steam
6 months 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, …

Steps taken to drop housing stock
6 months ago

Steps taken to drop housing stock

China Daily  

SHI YU/CHINA DAILY China will keep an open mind on policies to clear the backlog of unsold houses, a signal that led analysts to expect the introduction of new measures and additional funding as part of Beijing's efforts to unleash more demand potential and stabilize the property market. According to data from China Real Estate Information Corp, new home sales …

Steps taken to drop housing stock
6 months ago

Steps taken to drop housing stock

China Daily  

SHI YU/CHINA DAILY China will keep an open mind on policies to clear the backlog of unsold houses, a signal that led analysts to expect the introduction of new measures and additional funding as part of Beijing's efforts to unleash more demand potential and stabilize the property market. According to data from China Real Estate Information Corp, new home sales …

Shanghai rolls out new measures to boost property market
6 months, 3 weeks 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 …

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 …

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 …

Desperate Chinese property developers resort to bizarre marketing tactics
11 months ago

Desperate Chinese property developers resort to bizarre marketing tactics

Live Mint  

China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. A property company in Tianjin ran a video A residential compound in eastern China’s Zhejiang province promised last year to give home buyers a 10-gram gold bar. Earlier this month, Sheng Songcheng, former head of the statistics department at the …

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, 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 …

Six things to watch in China's economy
1 year, 5 months ago

Six things to watch in China's economy

China Daily  

Tourists visit a night market in Liuzhou, South China's Guangxi Zhuang autonomous region, April 29, 2023. Business expectations China's business confidence has largely improved this year. China has carried out a raft of measures to reassure entrepreneurs, including removing more barriers in market access, further reducing taxes and fees to save 1.8 trillion yuan for businesses this year, and boosting …

China's new home sales sees sharp rise in March: Survey
1 year, 8 months ago

China's new home sales sees sharp rise in March: Survey

Hindustan Times  

China's new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday. The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February, according to data from the China Index Academy — one of the country's …

Explained | How bad is China’s property crisis and how did it get here?
2 years, 3 months ago

Explained | How bad is China’s property crisis and how did it get here?

The Hindu  

The story so far: China, the world’s second-largest economy, is facing a crisis in its once-booming property sector. Meanwhile, July data from China’s National Bureau of Statistics showed that property investment fell in the country by over 12 per cent year-on-year, the steepest fall this year, per a Reuters report. Read also: China property crisis is spiralling with homebuyers’ boycott …

Pinched by housing downturn, Chinese families rein in spending
2 years, 3 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 …

China's next big worry: A mortgage crisis knocking on its doors
2 years, 5 months ago

China's next big worry: A mortgage crisis knocking on its doors

India Today  

China's property sector is causing worry in economic circles as homebuyers of around 100 projects across 50 cities have decided to stop paying mortgages for unfinished homes after prolonged construction suspension. In China, where property has been a key driver of growth for years, ever-rising home prices, surging household debt, and the real estate sector broadly contribute to around one-third …

China pumps $188 billion into the economy to counter real estate slump
3 years ago

China pumps $188 billion into the economy to counter real estate slump

CNN  

Hong Kong CNN Business — China has decided it’s time to loosen its purse strings and pump money into the economy in a bid to stave off threats to the recovery. The decision — the second cut to that ratio this year — came on the same day China’s Politburo signaled that it may take more aggressive actions to protect …

First-tier cities tighten property policies
3 years, 8 months ago

First-tier cities tighten property policies

China Daily  

A real estate agent fields queries from prospective homebuyers at a shopping mall in Shanghai on Aug 1. In early February, Shanghai started to explore a score-based lottery system for housing sales, satisfying families without housing first as buyers far exceed the number of units on sale. Although the resale housing prices in China's first-tier cities still lead the country, …

Shanghai, Hangzhou lead in fresh wave of realty tightening
3 years, 9 months ago

Shanghai, Hangzhou lead in fresh wave of realty tightening

China Daily  

Potential homebuyers check models of housing projects at a real estate agency in Hangzhou, Zhejiang province. Local govts heed financial regulator's call to rein in speculative investments The local governments of Shanghai and Hangzhou in Zhejiang province have introduced new curbs to cool the property market. Fang Hang, director of the Shanghai branch of the China Index Academy, said the …

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