Mild uptick in China property market fueled by growth shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.
The first May Day holiday in China after the COVID-19 pandemic control measures were optimized saw a mild pickup in property trading and the uptrend will likely extend into the coming months, considering the macroeconomic acceleration and the anticipated further release of pent-up demand for homes, industry experts said.
Wuhan, capital of Hubei province in Central China, has eased purchase restrictions targeting the housing market by allowing families to buy an extra apartment in the city a watershed move likely to be followed by more cities to encourage residential property consumption, industry experts said on Tuesday.
The State Council's call for a "one city, one policy" approach to the property sector has indicated that more policies with a precise focus on the local housing market will be worked out, which will ensure the healthy and stable development of the residential property market, industry experts said.
© Provided by Xinhua BEIJING, May 29 (Xinhua) China has actively rolled out targeted measures such as relaxing restrictions on purchases or sales, a