Published 2 months ago

China pledges to buy apartments and finish stalled housing projects

China announced plans for local governments to purchase apartments and ensure the completion of unfinished homes to stabilize the property sector.
The purchased homes will be used for affordable housing, with no specific timeline, target, or funding details disclosed.
The central bank will reduce mortgage interest rates and downpayment requirements, leading to a 4% increase in China's CSI 300 Real Estate index.

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Reuters

China pledges to buy apartments and finish stalled housing projects

China on Friday announced plans for local governments to buy "some" apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector.

2 months ago·United Kingdom

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Associated Press News

China rolls out new measures to fix its property crisis, spur growth

China has announced fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April. Other figures reported Friday showed factory output rose but

2 months ago·United States

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abc News

China is expected to announce new measures to fix its property crisis, spur growth

China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April

2 months ago·United States

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Channel News Asia

China pledges to buy apartments and finish stalled housing projects

BEIJING: China on Friday (May 17) announced plans for local governments to buy "some" apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector. Earlier in the day, fresh data showing the

2 months ago·Singapore

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RTÉ

China pledges to buy apartments & finish housing projects

China has today announced plans for local governments to buy "some" apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector.

2 months ago·Ireland

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Winnipeg Free Press

China is expected to announce new measures to fix its property crisis, spur growth

Housing prices in China slumped in the first four months of the year, although factory output rose nearly 7%, according to data released Friday, as the country prepares to announce […]

2 months ago·Winnipeg, Canada

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