Measures released to digest housing inventories
10 months, 2 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 for quality housing, said Liu, who called for policies and measures to reduce housing inventories and optimize new supplies. Chinese cities reported deeper home price drops in April both in year-on-year and month-on-month terms, which indicated the property market remains in a process of adjustment, said Wang Zhonghua, a statistician with the National Bureau of Statistics' urban division. "The new home price drop has passed on to the pre-owned home market, which also experienced extended declines," said Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center. "In comparison with a month ago, the pre-owned home price index in China's 70 large and medium cities slid 0.9 percent on average, presenting a drop of 12 months in a row," Li said.

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History of this topic

Localities given more powers to stabilize realty
4 weeks ago

Localities given more powers to stabilize realty

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. "A mortgage rate cut could be a critical component of the government's broader strategy to arrest the ongoing downturn in the real estate market and guide it toward a sustainable recovery," said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International. The current substantial land inventory and the …

How Beijing is seeking to jump-start wavering economy
2 months, 2 weeks ago

How Beijing is seeking to jump-start wavering economy

The Hindu  

As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead. Rate cuts China's central bank cut two key interest rates to historic lows in October, just days after the country posted its lowest quarterly growth in 18 months. Beijing in …

Property biz requires more policy moves
3 months, 1 week 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, …

Property biz requires more policy moves
Trending News
3 months, 1 week 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 …

Preferential tax policies to boost home sales
Top News
4 months, 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
4 months, 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
Top News
4 months, 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
4 months, 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 …

Home Sales Soar in Major Chinese Cities as Stimulus Measures Boost Sentiment
5 months, 2 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 Needs Innovative Solutions to Alleviate Property Market Stalemate
5 months, 2 weeks ago

China Needs Innovative Solutions to Alleviate Property Market Stalemate

China Daily  

China is considering establishing a special fund to alleviate property market issues and stabilize the ailing real estate market. The fund will be financed by central government funding and will be used to acquire idle housing inventory, alleviating the obstacle faced in housing acquisition as some local governments are heavily indebted. The most prominent risk to be resolved would be …

China unveils raft of measures to stabilize property market
6 months 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 to further optimize local property policies
6 months 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 exploring reforms in housing sales system to revitalize property sector
7 months 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 biggest cities continue to ease home-buying policies
10 months 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
10 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 …

China unveils 'historic' steps to stabilise crisis-hit real estate sector
10 months, 2 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
10 months, 2 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.” …

Stimulus key to realty stability
10 months, 2 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 …

Chinese vice premier urges efforts to ensure delivery of housing projects
10 months, 2 weeks 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 …

Stimulus key to realty stability
10 months, 2 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
10 months, 3 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 …

New real-estate development mode key to solving housing market woes
1 year 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
1 year, 2 months 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, 8 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, 8 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 …

Policies to stabilize real estate financing
2 years, 4 months ago

Policies to stabilize real estate financing

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. China's latest policies will pump more liquidity into the economy to boost growth, improve real estate financing, stabilize market expectations and help shore up economic recovery in the coming months, industry experts said. Other measures include the central bank's move on Friday to cut the reserve requirement ratio for …

Explained: How will China’s property crisis impact its economy?
2 years, 7 months ago

Explained: How will China’s property crisis impact its economy?

Firstpost  

The recent spate of mortgage strikes by homebuyers across China has exposed the risk that has accumulated in the market as it has developed over the past two decades China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-Covid policy and address a growing …

Beijing finds way to meet rental housing demand
3 years, 3 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 …

China pumps $188 billion into the economy to counter real estate slump
3 years, 3 months 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 …

China vows consistent financial policy to curb housing speculation
4 years, 10 months ago

China vows consistent financial policy to curb housing speculation

China Daily  

Citizens visit a real estate sales office in Changzhou, Jiangsu province, on April 18, 2020. BEIJING -- China will maintain a consistent and stable policy on real estate finance and avoid using the property sector to generate a short-term stimulus to the economy, according to a central bank report. Price indices of new and previously owned houses in first-tier cities …

Central bank: China vows consistent financial policy to curb housing speculation
4 years, 10 months ago

Central bank: China vows consistent financial policy to curb housing speculation

China Daily  

China will maintain a consistent and stable policy on real estate finance and avoid using the property sector to generate a short-term stimulus to the economy, according to a central bank report. The country will continue to stick to the principle that "houses are for living in, not speculation," said the People's Bank of China, the central bank, in the …

Home comfort for new buyers[2]- Chinadaily.com.cn
7 years, 4 months ago

Home comfort for new buyers[2]- Chinadaily.com.cn

China Daily  

The present regulation requires 30 percent of the total price for all properties as down payment from buyers, up from the previous 20 percent. "There will be more detailed requirements for banks to scrutinize funding sources of down payments and the authenticity of income certificates," Wen said. At a news conference on the sidelines of the 19th National Congress of …

Home comfort for new buyers[2]- Chinadaily.com.cn
7 years, 4 months ago

Home comfort for new buyers[2]- Chinadaily.com.cn

China Daily  

The present regulation requires 30 percent of the total price for all properties as down payment from buyers, up from the previous 20 percent. "There will be more detailed requirements for banks to scrutinize funding sources of down payments and the authenticity of income certificates," Wen said. At a news conference on the sidelines of the 19th National Congress of …

Rental regulation can help tame unreasonable housing market
7 years, 10 months ago

Rental regulation can help tame unreasonable housing market

China Daily  

A man visits a house agent. Since March about 60 major cities have reportedly unveiled 170 measures that set stricter mortgage restrictions and higher down payment requirements to root out market speculation. And given that nearly 45 percent of new bank loans flowed into the housing market in 2016, according to China's central bank, housing market bubbles, fueled by speculative …

China's land supply measures to have mixed effect on developers: Report
7 years, 11 months ago

China's land supply measures to have mixed effect on developers: Report

China Daily  

A housing project in Qingdao, Shandong province. BEIJING — China's latest land supply measures will have mixed implications for property developers, according to a Moody's report. "We believe that housing price growth will slow in cities where land supply will increase, a credit negative for developers that purchased land at high prices during the past 12 months with the expectation …

China strengthens control of housing, land use
7 years, 11 months ago

China strengthens control of housing, land use

China Daily  

BEIJING - A government statement released Thursday outlined the steps taken to prevent housing and land price hikes. It said that cities and counties that have more than one million inhabitants should make three-year and a five-year plans for housing land supply, and make the plans public by the end of June. Sales of land for residential projects almost doubled …

China strengthens control of housing, land use
7 years, 11 months ago

China strengthens control of housing, land use

China Daily  

BEIJING -- A government statement released Thursday outlined the steps taken to prevent housing and land price hikes. It said that cities and counties that have more than one million inhabitants should make three-year and a five-year plans for housing land supply, and make the plans public by the end of June. Sales of land for residential projects almost doubled …

China strengthens control of housing, land use
7 years, 11 months ago

China strengthens control of housing, land use

China Daily  

BEIJING - A government statement released Thursday outlined the steps taken to prevent housing and land price hikes. It said that cities and counties that have more than one million inhabitants should make three-year and a five-year plans for housing land supply, and make the plans public by the end of June. Sales of land for residential projects almost doubled …

China scales up regulation of real estate developers, agents
8 years ago

China scales up regulation of real estate developers, agents

China Daily  

BEIJING - China's housing regulator urged efforts to crack down on malpractice by real estate agents and developers on Wednesday amid a fresh round of measures to cool the property market. Local authorities were required to act strongly against monopolistic practices and market manipulation, creating misleading expectations through rumor mongering, and providing false certificates, according to a statement from the …

Long-term steps needed for property management
8 years ago

Long-term steps needed for property management

China Daily  

Potential homebuyers examine a property project model in Nanjing, East China's Jiangsu province, Feb 28, 2016. The central government should focus on infrastructure building to avoid steep up–and-downs on property prices, which could lead to social insecurity, said Jia Kang, principal economist of the China Academy of New Supply-side Economics, and the former president of Institute of Fiscal Science, Ministry …

China tightens loan rules to cool Beijing's property market
8 years ago

China tightens loan rules to cool Beijing's property market

China Daily  

Potential home buyers check out a property project in Beijing. BEIJING - China's central bank announced tightened housing mortgage rules on Friday to curb speculative purchases in Beijing's property market and control credit risk. Targeting fake divorces, Beijing housing mortgage applicants who divorced less than one year ago will be regarded as second-home buyers and have to pay a higher …

Home market is back on terra firma
8 years ago

Home market is back on terra firma

China Daily  

Potential home buyers check out a property project in Beijing. Fresh curbs in four cities settle fears of runaway prices and property bubble Friday's housing curbs by Beijing and three major cities are part of the larger effort to rein in China's real estate industry where home prices tended to skyrocket of late, threatening to create a property bubble, experts …

Annual report boosts China and the world economy confidence[2]- Chinadaily.com.cn
8 years ago

Annual report boosts China and the world economy confidence[2]- Chinadaily.com.cn

China Daily  

As for social development, the new plan particularly specifies different methods to deal with the most pressing issues of housing and house prices. The urban housing redevelopment program will create six million new homes, and more investments will be made to develop more economic housing to meet the breakneck demand for urban housing of the poor and low income people. …

Action vowed to curb rising home prices
8 years ago

Action vowed to curb rising home prices

China Daily  

Potential homebuyers browse a real estate expo in Huai'an, Jiangsu province. Govt planning to cut excess housing, increase land supply in smaller cities China will continue to cut excess property inventory in smaller cities while increasing land supply to rein in surging housing prices, Premier Li Keqiang said on Sunday. "There is still excess inventory in third- and fourth-tier cities, …

Annual report boosts China and the world economy confidence[2]- Chinadaily.com.cn
8 years ago

Annual report boosts China and the world economy confidence[2]- Chinadaily.com.cn

China Daily  

As for social development, the new plan particularly specifies different methods to deal with the most pressing issues of housing and house prices. The urban housing redevelopment program will create six million new homes, and more investments will be made to develop more economic housing to meet the breakneck demand for urban housing of the poor and low income people. …

China to strengthen property market supervision
8 years, 3 months ago

China to strengthen property market supervision

China Daily  

A visitor examines a property project model at a real estate expo in Beijing. BEIJING -- China will strengthen housing market supervision to ensure healthy development of the sector, an official statement has said.The Ministry of Housing and Urban-Rural Development reported violations of 21 real estate developers, which in hopes of boosting sales, spread rumors, published false information, operated without …

7 'positive signals' from top conference to improve people's life[1]- Chinadaily.com.cn
8 years, 3 months ago

7 'positive signals' from top conference to improve people's life[1]- Chinadaily.com.cn

China Daily  

The Central Economic Work Conference, which concluded last Friday, not only highlighted the basic tone of "seeking progress while maintaining stability" for China's economy next year, but also released "positive signals" in some areas related to people's livelihood. "Houses are built to be inhabited, not for speculation," said a statement issued at the close of the Central Economic Work Conference. …

7 'positive signals' from top conference to improve people's life[1]- Chinadaily.com.cn
8 years, 3 months ago

7 'positive signals' from top conference to improve people's life[1]- Chinadaily.com.cn

China Daily  

The Central Economic Work Conference, which concluded last Friday, not only highlighted the basic tone of "seeking progress while maintaining stability" for China's economy next year, but also released "positive signals" in some areas related to people's livelihood. "Houses are built to be inhabited, not for speculation," said a statement issued at the close of the Central Economic Work Conference. …

End dependency on land sales
8 years, 3 months ago

End dependency on land sales

China Daily  

The real estate markets in China's major cities are showing signs of cooling down, as indicated by the housing price data recently published by the National Bureau of Statistics. Considering land sales have long remained a major source of fiscal revenue for local governments, they usually have an ambivalent approach toward real estate regulations that reduce the demand for land …

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