Shanghai, other top tier-1 cities ease ownership curbs in boost for China’s housing market

Quick Summary:

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

Chinese consumers are tightening their belts: What does that mean for the rest of the world? “Significant steps are being taken to encourage homebuying during the coming holiday,” said Yan Zhancai, a sales consultant in Shanghai at an outlet of Lianjia, owned by China’s largest real estate brokerage KE Holdings.“Pent-up demand will be released and we expect to receive a lot of inquiries from buyers.

Down payments on second home purchases were also reduced.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Commercial China’s Three Holiday Homebuying Property Shanghai Biggest Chinese Cities Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 12:16:05 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 234 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22782230

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