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China moves to stabilise property sector with ‘stronger-than-expected’ policy package
BusinessSouth China Morning Post29 Aug, 12:15 amAtlasHour
Business

China moves to stabilise property sector with ‘stronger-than-expected’ policy package

Beijing has unveiled a package of measures to shift home sales in China’s vast property market away from a presales model, in a stronger-than-expected push to stabilise a property downturn that has weighed on consumer demand for years. A notice released on Friday laid out reforms to China’s home sales system, telling local governments to prioritise completed-home sales. It was jointly issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources and the...

Source-linkedAtlasHour DeskSouth China Morning Post29 Aug, 12:15 am

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Beijing has unveiled a package of measures to shift home sales in China’s vast property market away from a presales model, in a stronger-than-expected push to stabilise a property downturn that has weighed on consumer demand for years.

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South China Morning Post

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