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CHINA PRESS: China To Keep Supporting Housing Market

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Major cities are expected torelax home purchase limits further in 2025, and there is still room for lower mortgage interest rates and transaction taxes, 21st Century Business Herald reported, citing Huang Yu, vice president of China Index Academy. More cities are likely to increase home purchase subsidies to help boost sales, said Huang. Local authorities may be given greater autonomy to buy up unsold homes for affordable housings, while quickening the renovation of urban villages, Huang added.

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Major cities are expected torelax home purchase limits further in 2025, and there is still room for lower mortgage interest rates and transaction taxes, 21st Century Business Herald reported, citing Huang Yu, vice president of China Index Academy. More cities are likely to increase home purchase subsidies to help boost sales, said Huang. Local authorities may be given greater autonomy to buy up unsold homes for affordable housings, while quickening the renovation of urban villages, Huang added.