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There is a growing call for the establishment of a massive property stabilization fund.

The Star LogoThe Star3w ago

There is a growing call for the establishment of a massive property stabilization fund. - The Star

Quick Summary:

A real estate stabilisation fund that could be worth trillions of yuan is likely around the corner in China, as policy advisers and economists called for scaling up government funding support in order to address lingering woes like housing inventory worries and unfinished homes.

Their calls came after the biggest cities in China, including Shanghai and Guangdong province's Guangzhou and Shenzhen, lowered mortgage rate minimums and down payment ratio requirements last week to boost homebuying enthusiasm.

Gong Liutang, a professor of applied economics at Peking University's Guanghua School of Management, said that the recent policy announcements to ease homebuying curbs and cut mortgage rates will help boost housing demand to some degree.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-04 @ 14:04:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 722 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21146493

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 55 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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