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China Housing Market May Rebound In H2: Journal

MNI (Singapore)

China's housing market may rebound in the second half of the year, as bigger cities further relax their housing policies and as the impact of the epidemic weakens, the China Securities Journal reported citing analysts. The central bank on Monday also urged local lenders to reasonably determine the minimum down payment ratio and loan interest rate, as well as support the financing needs of developers and construction companies to promote a more stable real estate market, the newspaper said. Home sales in China by area fell 13.8% y/y in the first quarter.

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