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," Liu said. "Since last year, a number of measures have been introduced by the departments of land, finance and taxation, and these supportive measures are believed to effectively activate market demand, improve market confidence, optimize supply and demand, and help Shanghai's property market become stable and healthy," Yan said. As of Sunday, about 15,000 units of pre-owned flats changed hands in the secondary market, and preliminary deals signed online during weekends exceeded 1,000 per day in the past three weeks," said Zhang.

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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
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 …

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 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 …

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 …

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 …

China unveils raft of measures to stabilize property market
2 months, 3 weeks ago

China unveils raft of measures to stabilize property market

China Daily  

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

Shanghai broadens home supply standards
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 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 …

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 …

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 …

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 …

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, …

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