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China's Real Estate Sector Seen Bottom Out By End-Q3

CHINA PRESS
MNI (Singapore)

China’s real estate market may see a soft landing in the second half of the year as it accelerates recovery, according to a commentary on 21st Century Business Herald written by Pang Ming, chief economist at JLL Greater China. Major indicators, such as land acquisition, new project starts and construction are expected to bottom out around end-Q3 with further policy support, Pang said. Housing hotspots, even first- and second-tier cities are expected to further relax purchase and loan restrictions, as well as lower transaction taxes and fees, while developers will receive necessary credit support, said Pang.

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