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Work Report Signals Support For Real Estate -


The government work report released last weekend signalled more support for the real estate sector, as Beijing seeks to tackle “hidden risks” in the housing industry, according to Citing experts, the news outlet said 2023 will focus on preventing risks among high-quality developers by improving the balance sheet situation. The construction of affordable rental housing is expected to accelerate, and real estate REITs will be expanded to encourage private capital to participate in the construction of rented accommodation. In order to boost demand, mortgage interest rates will be gradually lowered, and local governments will fine tune their purchase restriction policies according to local conditions, the news outlet said.

MNI Beijing Bureau |
MNI Beijing Bureau |

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