First-tier Chinese cities' housing markets regaining...
China News
July 15, 2024
China's first-tier cities are experiencing a resurgence in their housing markets following the implementation of new policies aimed at stimulating real estate activity. In cities like Shenzhen, the government has reduced the minimum down payment ratios for commercial housing mortgages and lowered interest rate floors. These changes have led to a nearly 4% rise in new home sales and a 3% increase in pre-owned home transactions between mid-May and mid-June.