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China Housing Market May Stabilize By Mid-2022: News

CHINA PRESS
MNI (Singapore)

China's property market is expected to stabilize by the middle of this year, as the real estate financing environment improves and more cities relax housing regulations, the PBOC-run Financial News reported citing analysts. Banks have lowered mortgage interest rates and shortened the approval process, with the rate in 103 key cities falling by 13 bps to 5.34% in March, the newspaper said. With increased external uncertainties, policymakers will have stronger determination to revitalize the market and prevent and defuse developers’ risks, the newspaper said.

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