Property biz requires more policy moves

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The story "Property biz requires more policy moves" was covered 16 hours ago by The Star, a news publisher based in Malaysia.

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The Star 16h ago

Property biz requires more policy moves - The Star

Quick Summary:

CHINA rolled out a number of policy measures in 2024 designed to reduce financial burdens and ease access for homebuyers, while also arresting the recent downturn in the country's real estate sector and guiding the industry toward a more sustainable development path, analysts said.

Foot traffic at new home sales centers, as well as the number of viewings for pre-owned properties, have seen notable upticks in recent weeks, which could be translated into potential sales activity, said Chen Wenjing, director of market research at the China Index Academy.

In mid-November, policymakers in various cities such as Beijing, Shanghai and Shenzhen unveiled new preferential tax policies aimed at lowering transaction costs for homebuyers, the latest step in a broader bid to stabilize the country's real estate market.