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China's Housing Market Likely To Bottom Out As Covid Eases: Herald

CHINA PRESS
MNI (Singapore)

It should take at least a quarter for new policies and an easing of Covid-19 curbs to lift the real estate market from a bottom now, said the 21st Century Business Herald in an editorial. Housing demand will rebound when economic growth returns to a normal track and expectation stabilises, the newspaper said. There is still strong demand, the newspaper said noting that many homebuyers had lined up to wait for the approval of bank mortgages in H1 2021 amid an easing policy environment. The current housing prices in first-tier cities are still too high and any stimulation on first-tier housing markets should be avoided, the newspaper said.

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It should take at least a quarter for new policies and an easing of Covid-19 curbs to lift the real estate market from a bottom now, said the 21st Century Business Herald in an editorial. Housing demand will rebound when economic growth returns to a normal track and expectation stabilises, the newspaper said. There is still strong demand, the newspaper said noting that many homebuyers had lined up to wait for the approval of bank mortgages in H1 2021 amid an easing policy environment. The current housing prices in first-tier cities are still too high and any stimulation on first-tier housing markets should be avoided, the newspaper said.