Property News · March 29, 2022

Harbin’s withdrawal of resale restrictions expected to lift Chinese housing market out of slump


Harbin, in China’s northeastern Heilongjiang province, last week became the latest city to remove restrictions on the resale of houses, hinting at a trend that could lift the mainland’s US$1.7 trillion housing market out of a slump.The city’s home prices dropped for a seventh consecutive month in February, despite a flurry of easing measures taken by the local government since October last year. The price of new homes in Harbin dropped by about 4 per cent year on year in February, while those…

Source : South China Morning Post
Read more…Harbin’s withdrawal of resale restrictions expected to lift Chinese housing market out of slump

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