China's real estate market stabilizes with comprehensive 2024 policy measures
2 months, 4 weeks ago

China's real estate market stabilizes with comprehensive 2024 policy measures

China Daily  

Xinhua | Updated: 2025-01-02 11:10 BEIJING -- Supported by a series of policy measures to address the yearslong slump, China's property market has shown signs of stabilization and uptick, with renewed confidence and rising demand observed in its most dynamic regional real estate markets. From easing restrictive policies to introducing stimulus measures, China's 2024 real estate policy package, whether at the country or local level, has been rolled out in droves. In China's first-tier cities, real estate brokers and homebuyers are sensing a market recovery earlier than expected. Huo Peng, a manager at an office of China's major real estate chain, Lianjia, in Beijing's Chaoyang District, noted that brokers now update information for clients every two days instead of weekly due to adapting to a fast-paced market.

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History of this topic

Localities given more powers to stabilize realty
3 weeks, 3 days 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 …

Focusing on real estate woes vital for China
3 weeks, 6 days ago

Focusing on real estate woes vital for China

China Daily  

AI MENG/CHINA DAILY There have been lots of discussions lately about some major adjustments in China's macroeconomy. The fourth group blames deep adjustments in the real estate market for the decline in demand, high debt and oversupply. In summary, we can see that changes in supply, demand and the balance sheet are all related to changes in China's development paradigm, …

Focusing on real estate woes vital for China
3 weeks, 6 days ago

Focusing on real estate woes vital for China

China Daily  

AI MENG/CHINA DAILY There have been lots of discussions lately about some major adjustments in China's macroeconomy. The fourth group blames deep adjustments in the real estate market for the decline in demand, high debt and oversupply. In summary, we can see that changes in supply, demand and the balance sheet are all related to changes in China's development paradigm, …

China’s ¥5.6 Trillion Real Estate Support Has Yet to Deliver. Here’s Why.
4 weeks ago

China’s ¥5.6 Trillion Real Estate Support Has Yet to Deliver. Here’s Why.

The Diplomat  

For much of the past decade, China’s real estate sector has been a key driver of economic growth, contributing roughly a quarter of the country’s GDP. The slowdown has disrupted employment, dampened consumer confidence, and strained local government revenues, turning what was once China’s economic engine into a source of prolonged financial distress. Launched in January 2024, the program encourages …

China's home prices, sales fall further in January: Report
1 month, 4 weeks ago

China's home prices, sales fall further in January: Report

Hindustan Times  

China's sales of new housing and prices for existing residential units both continued to decline in January, a leading real estate research institute said on Saturday. The value of property sales by the top 100 real-estate developers in China was down almost 17% in January on year The average price per square meter for existing residential properties was down just …

China's real estate tax cuts yield $1.6b in first month
2 months ago

China's real estate tax cuts yield $1.6b in first month

China Daily  

Prospective homebuyers look at a property model at a sales office in Beijing. BEIJING -- China's new tax policies aimed at stabilizing the real estate market have resulted in 11.69 billion yuan in tax reductions and exemptions in their first month of implementation, according to data released Saturday by the State Taxation Administration. The tax measures, which took effect on …

Why stabilizing housing market matters
2 months, 2 weeks ago

Why stabilizing housing market matters

China Daily  

JIN DING/CHINA DAILY China's real estate market has been fluctuating in recent years, leading to a decline in market confidence, reduction in transaction volumes, and price adjustments. That the Central Economic Work Conference in December also decided to sustain efforts to stabilize the real estate market indicates that supportive policies will continue to be implemented. The real estate market is …

Why stabilizing housing market matters
2 months, 2 weeks ago

Why stabilizing housing market matters

China Daily  

JIN DING/CHINA DAILY China's real estate market has been fluctuating in recent years, leading to a decline in market confidence, reduction in transaction volumes, and price adjustments. That the Central Economic Work Conference in December also decided to sustain efforts to stabilize the real estate market indicates that supportive policies will continue to be implemented. The real estate market is …

Property biz requires more policy moves
3 months 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 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 …

Falling rents in China expose its crippled real estate sector and a deeper economic flaw
3 months ago

Falling rents in China expose its crippled real estate sector and a deeper economic flaw

Firstpost  

The sharp drop in rents across China’s cities shows a huge oversupply of homes exposing serious problems in the country’s real estate market and the economy China’s urban rental market is facing a major slump exposing weaknesses in the country’s housing and economic systems. In 100 major cities, average rents have hit their lowest level in four years showing a …

Ground prepared for China's steady growth
3 months, 1 week ago

Ground prepared for China's steady growth

China Daily  

An aerial drone photo taken on Nov 9, 2023 shows a newly-built residential complex in Feixi County of Hefei City, east China's Anhui province. At the Central Economic Work Conference held recently, the Chinese government identified stabilizing securities and real estate prices as among its priorities for the coming year, marking an unprecedentedly clear commitment to supporting both markets. Regarding …

Pragmatic stimulus need of the hour
3 months, 2 weeks ago

Pragmatic stimulus need of the hour

China Daily  

Shi Yu/China Daily Editor's note: This year is crucial for China to achieve the objectives and tasks in the 14th Five-Year Plan. The shift from "prudent" to "appropriately loose" monetary policy stance suggests the central bank is prepared to inject sufficient liquidity to absorb the expected surge in government bond supply, and moderately cut policy rates to prevent a rise …

Targeted incremental policies boosting growth
3 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 3 weeks 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 …

China’s property slump may extend into 2025, Fitch Ratings says
4 months ago

China’s property slump may extend into 2025, Fitch Ratings says

Hindustan Times  

-- China’s multiyear property crisis is set to drag on in 2025 as prices and sales remain weak despite the government’s stimulus push to spur demand, according to Fitch Ratings. China’s property slump may extend into 2025, Fitch Ratings says China’s new home prices will fall by another 5% next year, as measured by China’s official statistics bureau, or roughly …

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

Effective incremental policy support strengthens positive trend of recovery
4 months, 1 week ago

Effective incremental policy support strengthens positive trend of recovery

China Daily  

On Friday, the National Bureau of Statistics released data showing that major economic indicators such as consumption, services, and imports and exports have all significantly rebounded, consolidating the positive trend of economic stabilization and recovery since September. Influenced by the consumer subsidy policy for trade-ins, the retail sales of household appliances, automobiles, furniture, and office supplies in units above a …

Preferential tax policy implemented to spur residential property sector
4 months, 2 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 …

Some curbs on buying in top cities to remain
4 months, 3 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
4 months, 3 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 Residential Property Sales Rebound as Stimulus Boosts Buyer Morale
4 months, 4 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 …

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine
5 months ago

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine

China Daily  

China's focus on boosting consumer confidence is gaining momentum as a key growth driver. The government plans to invest heavily in social welfare and property sectors to stimulate spending and boost confidence. This shift is expected to help overcome the challenges of weak domestic demand and geopolitical uncertainties. The IMF's recent projections indicate that China's economy could grow by 4.8% …

China Home Sales Slump Intensified in September, Before Stimulus
5 months, 4 weeks ago

China Home Sales Slump Intensified in September, Before Stimulus

Live Mint  

China’s residential slump deepened in September before the government released a basket of measures to put a floor under the yearslong property crisis. The value of new-home sales from the 100 biggest real estate companies fell about 37.7% from a year earlier to 251.7 billion yuan, faster than the 26.8% decline in August, according to preliminary data from China Real …

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 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 …

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 …

Experts see real estate stability
7 months, 1 week 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. …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the resolution said China will …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

China Daily| Updated :2024-08-05 An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
7 months, 3 weeks ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

Where Does China’s Economic Policy Go From Here?
8 months ago

Where Does China’s Economic Policy Go From Here?

The Diplomat  

On April 30, China announced that it will host the third plenary session of the 20th Central Committee in July. The main theme will be “comprehensively deepening reform and advancing Chinese modernization.” This meeting of the top governing body of the Chinese Communist Party is important, because it provides a plan and the big economic picture for the duration of …

Beyond third plenum: China’s slowing economy demands a more consensus-based approach from Beijing
8 months, 1 week ago

Beyond third plenum: China’s slowing economy demands a more consensus-based approach from Beijing

Firstpost  

The second-largest economy in the world, whose double-digit growth in the last three decades has made it an Asian economic powerhouse, has now slowed down to a single-digit growth rate More than three hundred members of the ruling Chinese Communist Party are gathered in Beijing this week. Like Indians, Chinese also associate owning a home with stability and security, and …

China to foster stable development of the real estate market
8 months, 1 week ago

China to foster stable development of the real estate market

China Daily  

China will foster the stable and sound development of the real estate market while accelerating the growth of emerging industries and expanding domestic demand. China will make combined efforts of digesting the existing stock and optimizing the increment in the real estate sector, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

India to become real estate capital of Asia says Hurun Report
8 months, 2 weeks ago

India to become real estate capital of Asia says Hurun Report

Deccan Chronicle  

Mumbai: With real estate companies worth $36 billion in 2024, India is accelerating to become the real estate capital of Asia, pushing away China in terms of growth rate according to the 2024 GROHE-Hurun India Real Estate 100 report. In contrast, China's market struggles with excess supply, high debt levels among property developers, and strict government regulations making India's real …

Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing
9 months, 3 weeks ago

Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing

Hindustan Times  

The real estate sector hopes that the new government would continue to focus on infrastructure development, work towards lowering home loan interest rates, prioritize affordable housing, and provide tax incentives for sustainable development. Election 2024 results: The real estate sector hopes that the new government would continue to focus on infrastructure development, work towards lowering home loan interest rates, prioritize …

Realty eyes stability and recovery
9 months, 3 weeks ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Realty eyes stability and recovery
9 months, 3 weeks ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Key move at critical moment for property market
10 months, 1 week 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 …

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