1/2 China Daily: "Recent policy adjustments in major Chinese cities are fueling expectations that more policy fine-tuning and easing measures are likely in the coming months to support the real estate sector's steady recovery." https://t.co/fMTmYRRmLx
Recent policy adjustments in major Chinese cities are fueling expectations that more policy fine-tuning and easing measures are likely in the coming months to support the real estate sector's steady recovery, experts said on Monday. #economy https://t.co/vzqsxjiNR9 https://t.co/Xrf2To1MBW
Hong Kong home rents inch toward record high on Chinese demand https://t.co/UBilSTnGS6
Beijing has implemented new housing policy adjustments aimed at easing restrictions and stimulating the property market. Effective August 9, the city removed limits on the number of homes eligible households can purchase outside the Fifth Ring Road. Additionally, families without local household registration but with at least two years of paid social insurance are now eligible to buy homes in these suburban areas. The minimum down payment ratio for second homes under housing provident fund loans has also been lowered. These changes have led to a surge in home viewings and sales in suburban Beijing during the first weekend following the policy easing. Authorities aim to boost demand in suburban markets while maintaining overall market stability. Experts anticipate further fine-tuning and easing measures in major Chinese cities in the coming months to support a steady recovery in the real estate sector. Meanwhile, Hong Kong is experiencing rising home rents driven by Chinese demand.