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CHINA PRESS: Property Market Expected To Further Stabalise

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s property market shows signs of stabilising, with authorities expected to increase fiscal and financial support for the sector this year, according to  Zhao Xiuchi, dean of the Real-Estate Research Institute at the Capital University of Economics and Business. The continued transformation of urban villages and dilapidated houses as well as the revitalisation of commercial housing will further balance the supply and demand relationship. Chen Wenjing, director of policy research at the China Index Research Institute, said authorities had room to reduce mortgage interest rates and transaction taxes in some places. 

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China’s property market shows signs of stabilising, with authorities expected to increase fiscal and financial support for the sector this year, according to  Zhao Xiuchi, dean of the Real-Estate Research Institute at the Capital University of Economics and Business. The continued transformation of urban villages and dilapidated houses as well as the revitalisation of commercial housing will further balance the supply and demand relationship. Chen Wenjing, director of policy research at the China Index Research Institute, said authorities had room to reduce mortgage interest rates and transaction taxes in some places.