China’s housing minister, Ni Hong, spoke on Sunday
- said that the country’s property market is showing signs of improvement
- growing confidence among buyers
- market continued its positive trajectory in January and February, stabilizing after previous declines
- the government plans to encourage the purchase of existing homes and accelerate urban village redevelopment
- government will accelerate lending for ‘While List’ projects
- government will give more autonomy to local governments for affordable housing purchases
- local government special bonds to be used for purchasing idle land and housing stock
This article was written by Eamonn Sheridan at www.forexlive.com.
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