久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Stimulus measures inject vitality into home sales

Authorities seeking to stimulate economy by stabilizing property sector

China Daily | Updated: 2024-10-18 09:45
Share
Share - WeChat
View of skyscrapers in the central business district of Beijing in August. [Photo/Xinhua]

BEIJING — Home sales in major Chinese cities have ticked up this month, as a series of recent stimulus measures boosted homebuyer sentiment.

The early signs of recovery in the housing market in big cities offer some relief as Chinese authorities seek to stimulate the world's second-largest economy by stabilizing the property market.

The struggling property sector has been a major drag on China's economy over the past few years, with cash-strapped developers and high inventories of unsold homes and unfinished projects.

In a bid to prop up the housing market, Chinese authorities in late September ordered to cut mortgage rates for existing loans, lower down payment ratios and relax purchase restrictions.

Beijing, Shanghai, Guangzhou and Shenzhen in Guangdong province introduced their versions of stimulus measures for local housing markets just before the National Day holiday.

This came in late September, when a meeting of the Political Bureau of the Communist Party of China Central Committee underlined the need for efforts to reverse the real estate market downturn and stabilize the market.

The stimulus package has proved effective in boosting homebuyer sentiment in big cities quickly. This month, many housing sales centers in major cities have been packed with clients as many once-hesitant homebuyers are again jumping into the market.

On Sunday, 744 customers signed up to vie for 332 flats in a Shenzhen housing project, and all the flats were sold out in three and a half hours, a rarity before the stimulus package was announced.

The market rebound started with the weeklong National Day holiday from Oct 1 to 7. According to Leyoujia, a housing agency in Shenzhen, the conversion rate of homebuyers for new homes — the ratio of finalized deals to all customers who have visited a real estate project — jumped to 12 percent from 2 percent.

Liu Xiaofei, a sales manager at property developer LVGEM Group in Shenzhen, said the new stimulus has greatly boosted the market and confidence, helping to increase the conversion rate and shorten the decision-making process.

During the holiday, buyers in Shenzhen signed initial purchase contracts for 1,841 new homes, up 664.1 percent from a year earlier, local data showed. Meanwhile, homebuyers signed contracts for 2,316 secondhand homes last week, a weekly transaction record in nearly three years, according to housing agency Leyoujia.

Liu believes the housing market is stabilizing after hitting a trough, but more measures are needed to further boost consumer confidence.

In Guangzhou, capital of South China's Guangdong province, homebuyers signed initial purchase contracts for 6,687 new homes, up 137 percent year-on-year, after home purchase restrictions were lifted on Sept 29, the Guangzhou Municipal Housing and Urban-Rural Development Bureau said on Oct 12. The bureau attributed the strong growth to policy incentives and sales promotions by developers.

In Shanghai, 1,334 secondhand homes were traded on Sunday, a daily record in more than a year, according to the website of the Shanghai Real Estate Trading Center.

The daily number of more than 1,000 shows that secondhand home transactions are very active in Shanghai, said Lu Wenxi, an analyst with real estate agency Centaline Property.

A Shanghai homebuyer, surnamed Zhang, was a beneficiary of the stimulus. The down payment ratio for second-home purchases was lowered to 25 percent, allowing him to improve his living conditions much sooner, Zhang said.

The market has also heated up in Beijing.

The number of secondhand home transactions here nearly doubled from the previous month and surged more than 150 percent year-on-year from Oct 1 to 15, according to Leng Hui, an analyst with the research institute of Lianjia, a major second-home realtor.

Li Yifeng, deputy research chief at China Index Academy, said Beijing, Shanghai and Shenzhen still have room to loosen housing policies to further stabilize the property market in the future.

Economic fundamentals are key to stabilizing the property sector and expectations, and if the economic recovery accelerates in the fourth quarter with stimulus measures, the property market in key cities could stabilize, and a similar result could even be expected for the market nationwide, Li said.

Xinhua

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲自拍另类 | 日韩精品中文字幕一区三区 | 一区二区不卡在线 | 成人a视频片在线观看免费 成人a视频在线观看 | 伊人婷婷色香五月综合缴激情 | 成人午夜大片免费7777 | 男女一级爽爽快视频 | 久久精品7 | 日韩欧美精品在线观看 | 日韩一级欧美一级毛片在 | 久久精品视频免费 | 日本一区二区三区在线 视频观看免费 | 一级毛片真人不卡免费播 | 天堂1在线观看 | 高清国产美女一级毛片 | 成人影院欧美大片免费看 | 手机看片日韩国产 | 日韩性视频网站 | 一级片成人 | 亚洲综合在线另类色区奇米 | 成人午夜视频在线观 | 伊人短视频 | aaa免费看| 免费一区在线观看 | 中文乱码一二三四有限公司 | 久草在线观看首页 | 午夜在线亚洲 | 港台三级在线观看 | 久久精品国产99久久99久久久 | 久久视频精品线视频在线网站 | 久久精品国产99国产精品免费看 | 草草影院永久在线观看 | 中文字幕av一区二区三区 | 思思久热re6这里有精品 | 高清一区二区三区四区五区 | 免费在线一级毛片 | 在线免费观看亚洲 | 怡红院老首页主页入口 | 日本三级香港三级人妇99视 | 精品视频一区二区三区免费 | 欧美日韩中 |