Property News · October 29, 2021

Chinese cities prop up housing market by easing policies on presales, subsidies and mortgages


Embattled Chinese property developers can heave a sigh of relief as authorities at the city, provincial and central government level take steps to ease policies to boost the flagging housing market.Housing authorities in Yiwu in the eastern province of Zhejiang said last week that developers can restart presale activity as soon as they launch a residential project, reversing their decision in August, when developers had to apply for presale permits in tranches once every three months.The…

Source : South China Morning Post
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