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MNI: China Home Sales Likely To Languish Despite New Stimulus

Advisors and analysts share their outlook for China's real-estate market.

MNI (BEIJING) - China’s property market will remain weak over the September-October traditional peak season as new stimulus measures take time to work through the economy, while consumer confidence continues to struggle, advisors and analysts told MNI. 

Some first- and stronger second-tier cities are expected to reduce down payments for second homes soon, following the central bank’s move this week to ease the nationwide minimum deposit to 15% in line with first homebuyers, marking the lowest level since 2000, said Xie Yifeng, dean at the China Urban Real Estate Research Institute and a housing ministry consultant. 

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MNI (BEIJING) - China’s property market will remain weak over the September-October traditional peak season as new stimulus measures take time to work through the economy, while consumer confidence continues to struggle, advisors and analysts told MNI. 

Some first- and stronger second-tier cities are expected to reduce down payments for second homes soon, following the central bank’s move this week to ease the nationwide minimum deposit to 15% in line with first homebuyers, marking the lowest level since 2000, said Xie Yifeng, dean at the China Urban Real Estate Research Institute and a housing ministry consultant. 

Keep reading...Show less