There's spring in real estate recovery
Time:2024-05-22 11:24:20 Source:worldViews(143)
Employees introduce a residential project to visitors during the 2023 Weifang Real Estate Expo held in Shandong province on Feb 10. [Photo/China Daily]
More transactions expected this year after supportive measures and market correction
Consensus is fast emerging among industry observers that China's property market, which had faced a variety of troubles over the last few years, is back on track, with recovery appearing possible this year.
"After a period of market correction, the property market will stage a strong comeback this year on the back of a number of supportive measures," said Chen Wenjing, director of research at the China Index Academy.
Since last November, a series of measures targeting both supply and demand have been introduced. The work conference of national housing and urban-rural development held on Jan 17 also set the tone for this year's property market policies, which is boosting confidence, controlling risks and promoting transformation, Chen said.
Meantime, the nation's financial regulators have released a number of supportive measures, including differentiated credit support for homebuyers, facilitation of delivery of residential projects, enhanced cash flow of prime developers, guidance for their balance sheets toward a safe range, and improvements to the rental housing market.
All of which echoed the tone-setting annual Central Economic Work Conference in mid-December, experts said.
Previous:Retired judge finds no reliable evidence against Quebec cardinal; purported victim declines to talk
Next:Analysis: Bryson DeChambeau doesn't win the PGA trophy, but he does win the crowd
You may also like
- Kolkata cruises to IPL final with a thumping win over Hyderabad
- I'm an ER doctor
- Oklahoma State hires Olympic gold medalist David Taylor as wrestling coach
- New York governor regrets saying Black kids in the Bronx don't know what a computer is
- New York's high court upholds requiring insurance to cover medically necessary abortions
- Analysis: Brooks Koepka has a big game. He doesn't need a lot of words
- The Titans bolster wide receiving group by adding Tyler Boyd, AP source says
- Analysis: Brooks Koepka has a big game. He doesn't need a lot of words
- Slovak Parliament votes to condemn political violence after assassination attempt on prime minister