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China has been cutting mortgage rates since last year to boost sales in its moribund property market, but the main result so far has simply been a rush by households to pay off existing mortgages
Beijing launched a subsidized housing program on Monday, aimed at reducing the financial cost of migrant workers returning to the capital to take up jobs after the Spring Festival holiday.
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.
Home prices in the majority of China's 70 large and medium-sized cities dropped month-on-month in December but the housing market is expected to recover gradually as the country recently rolled out supportive policies.
The Indonesian Motor Association (IMI) stated that the Pertamina Mandalika International Street Circuit will obtain the Grade 2 license from the Federation ...