Key move at critical moment for property market
7 months 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 indemnificatory housing. It should also be noted that besides timely policy adjustment, it is crucial to establish a more mature and perfect market mechanism in the long run, and the relationship between government and real estate enterprises needs to become more transparent, open, and market-oriented, thus making the price mechanism more fair in the housing market. As China's economic volume continues to increase, the growth rate is bound to slow down, and the high growth rate of urbanization will also slow down accordingly, which makes the demand for houses shrink. Finding new driving forces and growth points, achieving higher-quality development, and integrating with the new trend of macroeconomic transformation and upgrading may be the new challenges for China's real estate industry in the future.

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History of this topic

Targeted incremental policies boosting growth
2 weeks, 5 days 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
2 weeks, 5 days 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 …

Effective incremental policy support strengthens positive trend of recovery
1 month 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 …

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 …

Evolving housing needs unlock fresh prospects for China's property revival
3 months, 3 weeks ago

Evolving housing needs unlock fresh prospects for China's property revival

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. BEIJING -- As China's property market transitions to a new development stage, a fresh vision for homes centered on comfort, sustainability and cutting-edge design emerges, driven by consumer expectations and policy initiatives. In a recent press conference, Ni Hong, minister of housing and urban-rural development, highlighted good …

Evolving housing needs unlock fresh prospects for China's property revival
3 months, 3 weeks ago

Evolving housing needs unlock fresh prospects for China's property revival

China Daily  

Xinhua | Updated: 2024-08-30 13:42 Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. BEIJING -- As China's property market transitions to a new development stage, a fresh vision for homes centered on comfort, sustainability and cutting-edge design emerges, driven by consumer expectations and policy initiatives. In a recent press conference, Ni Hong, minister of housing …

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 …

Experts see real estate stability
4 months ago

Experts see real estate stability

China Daily  

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

Reform to boost realty sector's development
4 months, 2 weeks ago

Reform to boost realty sector's development

China Daily  

LI MIN/CHINA DAILY The "Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization", issued by the third plenary session of the 20th Central Committee of the Communist Party of China on July 18, has charted the future direction of the real estate industry. For banks, the realty sector's defaults have led to bad debts, and the decline in the …

Reform to boost realty sector's development
4 months, 2 weeks ago

Reform to boost realty sector's development

China Daily  

LI MIN/CHINA DAILY The "Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization", issued by the third plenary session of the 20th Central Committee of the Communist Party of China on July 18, has charted the future direction of the real estate industry. For banks, the realty sector's defaults have led to bad debts, and the decline in the …

Boost to market confidence, growth momentum
4 months, 2 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
4 months, 2 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
4 months, 2 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
4 months, 2 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
4 months, 2 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
4 months, 2 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
4 months, 2 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
4 months, 2 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, …

Market-oriented measures underlined for realty sector
5 months ago

Market-oriented measures underlined for realty sector

China Daily  

An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June. China's real estate market, with its vast scale and extensive reach, exerts a systemic influence on the country's macroeconomic performance, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, stressing the need to revitalize its stock …

Market-oriented measures underlined for realty sector
5 months ago

Market-oriented measures underlined for realty sector

China Daily  

An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June. China's real estate market, with its vast scale and extensive reach, exerts a systemic influence on the country's macroeconomic performance, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, stressing the need to revitalize its stock …

Promotion of the property sector development is a key focus
5 months 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 …

China to foster stable development of the real estate market
5 months 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 …

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing
6 months, 2 weeks ago

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing

Hindustan Times  

The real estate sector hopes that the new government will continue to focus on infra development, affordable housing, streamlining of the regulatory framework, single window clearance mechanism and rationalization of taxes to stimulate investment and growth in the sector. With Narendra Modi taking oath as the prime minister for the third time, the real estate sector hopes that the new …

Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing
6 months, 2 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 …

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

China’s economy shows signs of improvement, but its property sector is still in the doldrums
9 months 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, 1 week ago

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

China Daily  

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

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

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

Associated Press  

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

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 …

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector
1 year, 1 month ago

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector

Associated Press  

BEIJING — China’s economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday. Disruptions to manufacturing, transport, travel and virtually every other aspect of life during the pandemic ended nearly a year ago when China’s leaders abandoned their “zero-COVID” policies aimed at preventing infections. Overall, …

China’s economic growth target of 5% for 2023 at risk due to property crisis
1 year, 2 months ago

China’s economic growth target of 5% for 2023 at risk due to property crisis

Live Mint  

China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss. “The real estate sector will continue to be under mounting pressure” despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. …

Explained | On China’s economic slowdown
1 year, 3 months ago

Explained | On China’s economic slowdown

The Hindu  

The story so far: China, at the start of this month announced more measures to revive its flagging economy with major banks clearing the path for additional cuts in lending rates and the amount of funds institutions require to hold in foreign exchange reserves, hoping to prevent a further downturn in the ailing property sector. Economic data coming out of …

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 …

China's property sales static despite policies to stimulate market: Report
1 year, 10 months ago

China's property sales static despite policies to stimulate market: Report

Hindustan Times  

China's property sales remain static despite China's central bank enacting policies to stimulate the market, New York-based NTD reported. According to China Real Estate Information Corporation, there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth. According to statistics from the China Index Academy on January …

Policies to stabilize real estate financing
2 years 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 …

Balanced approach to real estate
2 years ago

Balanced approach to real estate

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. Although that might appear contradictory, it is not a contradiction to encourage appropriate housing consumption while curbing real estate speculation, since both approaches serve the general development goal of "providing all people with adequate housing". Since the principle of "housing is for living in, not for speculation" was first …

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 …

The Chinese dream of homeownership is crumbling. The economy could go with it
2 years, 4 months ago

The Chinese dream of homeownership is crumbling. The economy could go with it

LA Times  

Last November, hundreds of angry homeowners in Nanchang, the capital of China’s Jiangxi province, gathered on the roof of an unfinished apartment building. And in China, unfortunately, the property sector is huge.” An exacerbated slowdown in China, a major commodities consumer and the world’s second-largest economy, would also have pronounced impact on the global financial system in its fragile state. …

China’s economy beats expectations with 4 percent growth in Q4
2 years, 11 months ago

China’s economy beats expectations with 4 percent growth in Q4

Al Jazeera  

Chinese economy expands 8.1 percent for the whole of 2021 amid weakest Q4 growth in more than a year. “The Evergrande debt default had a chilling effect on construction and property development, and likely indicates balance sheet issues at other property firms,” said Tommy Wu, lead China economist for Oxford Economics in Hong Kong. The large stimulus seen in previous …

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 …

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

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

Al Jazeera  

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

Realty sector on steady growth track
3 years, 5 months ago

Realty sector on steady growth track

China Daily  

Potential homebuyers check housing models at a real estate agency in Huaian, Jiangsu province, in June. Project quality, customer services and better management key drivers for firms A total of 19 real estate developers in China said their sales revenue exceeded 100 billion yuan in the first half, which experts said was not only due to the low base in …

China to renovate old urban communities
4 years, 5 months ago

China to renovate old urban communities

China Daily  

The State Council recently issued a guideline, aimed at pushing forward work in renovating old urban residential areas as a major project concerning people’s livelihood and economic development, in an effort to meet the requirements for enhancing life quality, expand domestic consumption, promote urban renewal and transition in development and construction, and facilitate high-quality economic development. According to the guideline, …

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