"With the development of these projects, people's needs for housing will be better addressed, and at the same time, such projects will also drive property sector-related investment and consumption, which will ultimately promote the sound development of the property market," Kang said. "After mor...
The article discusses the status of the property market in China. According to analysts, the market is on the edge of downward correction. The market is experiencing a decrease in sales, sharp decline in the value of bonds of developers, and price cuts. Citi analyst Oscar Choi points that ...
China’s property market woes will cut approximately 1.5 percentage points off the nation’s GDP growth, leading to “subpar rates” for at least six years, Alicia Garcia-Herrero, Asia Pacific chief economist of Natixis, toldFinanceAsia. Country Garden, China’s biggest developer by sales, is ...
with busy sales centers and rising trading volumes indicating a return to normalcy and stability in the property market. The government's strong support signals a commitment to stabilizing the housing market and fostering sustainable growth.
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China’s property market Rotten foundations In real estate as elsewhere in its economy, China’s short-term fixes mask deep structural problems JUST over a year ago, policymakers were having conniptions about China’s tumbling stock markets. Now it is...
China has seena boom in the property sectorrecently, with some cities seeing a 10-fold increase in prices, that have driven the average home buyer out of the market. According to estimates, the cost of a home in Shanghai would be around 45 times the average resident’s annual salary. ...
In a bid to support economic recovery, China has ramped up efforts to stabilize the property market, a pillar industry underpinning the world's second-largest economy. To ease the financial pressure for buying houses, the country has adjusted its policies regarding the minimum down payment percenta...
BEIJING,September 15 (TMTPost) -- The nation-wide property market was still slowing down in August, and the number of cities with declining prices of second-hand homes hit a record high in the past nine years, according to the latest data released by the National Bureau of Statistics (NBS...
A softening but still resilient property market, however, will be welcome news ahead of the annual parliament meeting in March where leaders will set economic targets for 2018. The data marks the first price decline in tier one cities in more than two years, said Yan Yuejin, an analyst with...