Page 14 - Development Institution News Today

Home sales in China are likely to recover as some cities are being allowed to relax mortgage rate minimums for first-time homebuyers, adding fuel to the countrys unfolding economic rebound, analysts said on Friday.

Despite the cooling tendency of major Chinese cities' home prices in November, industry experts are sanguine on market stabilization in the coming year, especially considering a document released on Wednesday on expanding domestic consumption demand and ensuring the stable and healthy development of the property sector.

With a high frequency of supportive measures issued by financial regulators in November, the property market is expected to see a turning point in 2023 as market recovery continues to proceed, industry experts said.

Chinas real estate enterprises on Monday received the green light to resume refinancing and mergers and acquisitions after a 12-year suspension by the top securities regulator.

The latest 20 measures to optimize COVID-19 control in the notice released by the State Council's Joint Prevention and Control Mechanism on Friday will have positive effects on China's economy from multiple perspectives, deemed experts.

Home prices in major Chinese cities continued to cool in September as sales declined, but industry observers remained upbeat as recent policies of financial regulators, they said, will combine with measures introduced by local governments to accelerate market recovery in the fourth quarter of the year.

A number of Chinese cities saw pre-owned home transactions recover during the weeklong National Day holiday, while urban new-home sales remained tepid. But experts said that with policies gradually taking effect and home buying sentiment turning stronger, the sector is likely to stabilize in the fourth quarter.

Ample room remains to maneuver the real estate market into a virtuous cycle, said experts.

कालीगण्डकी उपत्यकाको ठूलो बजार हो बेझाड । यहाँ दैनिक ठूलो सङ्ख्यामा नागरिकको ओहोरदोहोर र बजारमा सामान किनमेल गर्नेको भीड हुन्छ । रामपुर नगरपालिका–५ मा पर्ने यो बजारमा पछिल्लो समय अस्तव्�...

A number of cities in China are announcing new measures to stabilize their local residential property market in response to the central government's latest guidance on granting local governments more say in the matter, industry experts said on Tuesday.