Real-estate Adjustments Expected - Expert

Authorities are expected to align more closely real-estate supply side policies with demand following the politburo’s recent meeting, according to Zhou Tao, deputy dean at the School of Real Estate of Chongqing University. Zhou said China’s cities had accumulated inefficiently used property stock as the country rapidly urbanised. Zhou expected policymakers in future to address structural and regional supply and demand imbalances through the revitalisation of existing stock space resources. Wang Yeqiang, director at the Real Estate Special Committee of the China Urban Economics Association said policymakers will address market weakness through supporting urban village transformation and emergency and dual-use public infrastructure construction. (Source: 21st Century Herald)