Market-oriented measures underlined for realty sector

Quick Summary:

THE Chinese real estate market is now grappling with a complex set of challenges as it navigates an environment characterized by an oversupply of properties relative to demand.

While the issue of unsold homes has received significant attention, effective utilization of idle land resources is of equal importance, analysts said.

By issuing these bonds, local governments can access additional funds that can be directed toward supporting property developers in revitalizing undeveloped plots, said Wang Xiaoqiang, chief analyst with the Zhuge Real Estate Data Research Center.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Tax incentives /Business/Business News Real estate Property Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 14:27:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21746526

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Official Website: thestar.com.my

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