Property News · May 17, 2024

Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers


He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.

Source : South China Morning Post
Read more…Chinese Vice-Premier He Lifeng calls on cities to buy back residential land, unsold homes to aid distressed developers