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Market
Chinese property sales rise 15% by mid-2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
National Bureau of Statistics of China
Story
Chinese Local Governments Expand Housing Market Stabilization Efforts to County-Level Cities
Jun 22, 2024, 05:11 AM
Chinese local governments are expanding their initiative to stabilize the real estate market by acquiring unsold houses, extending the program from major cities to county-level cities. The housing authority has joined the plan, aiming to convert unsold commercial homes into affordable housing in hundreds of cities. This move comes amid a persistent property crisis. Signs of recovery have been observed in major Chinese cities since the government introduced various policies to support the property sector a month ago.
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