As realty shares rally, housing hopes rise
Release time：2024-05-08 19:02:31 Source：International Iterations news portal
-
Strong positive sentiment lifted Chinese real estate shares on Monday, prompting experts to express confidence that the recovering capital market confidence, coupled with local-level optimized property policies, will help stabilize the housing market. Property shares rose 0.67 percent on average, led by Hua Yuan Property that surged by maximum 10 percent, according to Stockstar, a provider of financial information. "The stock market's performance was in line with the central government's guidance as well as the latest policies at the local level," said Chen Jie, director of the Center for Housing and Urban-Rural Development with Shanghai Jiao Tong University. On April 30, the Political Bureau of the Communist Party of China Central Committee stressed that it is necessary to continue to take precautions and resolve risks in key areas. While implementing their respective local policy, key stakeholders in each city, including local governments, real estate enterprises and financial institutions, will take responsibility for ensuring the delivery of property projects to homebuyers and protect the latter's legitimate rights and interests. "The (April 30) meeting stressed that the delivered housing projects should be livable, equipped with all the supporting facilities, which will create related demand along the industry chain," said Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center. On supply and demand, the meeting said Chinese people's expectations for high-quality housing, measures for the market's absorption of property inventory and optimization of new demand should be coordinated. The meeting also said close attention should be paid to building a new model for real estate development and promoting the high-quality development of the property industry. Beijing and Shanghai were among the first big cities to grasp the significance of the meeting. Several other cities are expected to further optimize their housing policies this month, said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution. On April 30 itself, Beijing's municipal government said eligible households or single adults living in the national capital will be allowed to buy an additional apartment outside the Fifth Ring Road. On Friday, Shanghai launched a trade-in initiative for commercial real estate. For people mulling sale of their existing property to buy new homes, Shanghai proposed that potential homebuyers should first sign an expression of interest with developers of new housing projects, so that their existing homes can be given priority by real estate agencies in the secondary trading market. The transaction for a new home can be completed after the sale of the old home. More than 30 residential projects in Shanghai regions, including Jiading, Songjiang, Qingpu, Fengxian and Lin-gang Special Area, became the first batch of participants in the new initiative, according to Shanghai Observer, a Chinese-language news website.
（Editor:Wang Su）
- Previous：Gone fishing... for some of New Zealand's trickiest trout: A stay at the world
- Next：Leverkusen unbeaten run up to 48 after Frankfurt win
Related articles
- Shanghai Shenhua soars as Changchun Yatai struggles in Chinese Super League
- Highlights of shooting at 4th Asian Para Games
- Highlights of shooting at 4th Asian Para Games
- ACWF Holds Mobilization Meeting on Party History Learning and Education
- More GOP states challenge federal rules protecting transgender students
- ACWF President Stresses Joint Efforts to Enhance Guidance on Family Education
- ACWF Launches Campaign to Salute Women Role Models in Anti
- ACWF President Presides over Symposium on Women and Children's Development in the 14th Five
- Kylie Jenner wears bullet
- Highlights of Taekwondo at 4th Asian Para Games
- Hong Kong, mainland self
- Spreading Traditional Chinese Culture
- ACWF Holds 2nd Session of 12th Executive Committee Meeting in Beijing
- ACWF Adds New Group Member
- Inter Milan 2
- Jiang to bear China's flag at Hangzhou Asian Para Games closing ceremony
- Online Campaign Launched to Salute Women in COVID
- From masterpiece to marketplace, creative museum souvenirs go viral among Chinese youth
- Mother of Australian surfers killed in Mexico gives moving tribute to sons
- ACWF Holds Forum to Share Women's Efforts, Achievements in Battle Against Poverty
Random recommendation
Why are young Chinese streamlining, personalizing their wedding ceremonies?FBI opens criminal investigation into Baltimore bridge collapse, AP source saysChina's porcelain capital attracts migratory foreign designersThrifty Asian Games puts spring in the step of rural studentsPrehistoric ruins dig into caveChina launches new remote sensing satelliteHighlights of Hong Kong Open 2023Ethnic performance nourishes soul, life in southwest ChinaNew Godzilla x Kong film continues to lead China box officeRemoving barriers good for US, China
- Copyright © 2024 Powered by As realty shares rally, housing hopes rise ,International Iterations news portal sitemap