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Office of Central Commission for Financial & Economic Affairs: CN Property Sector Still Has Larger Room for High-quality Development
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Regarding efforts to stabilize China's real estate market, Xinhua News Agency quoted a representative from the Office of the Central Commission for Financial and Economic Affairs as saying that real estate has strong correlations and a wide scope, attracting significant social attention. The total trading volume of new and second-hand home in China has remained largely stable YTD, while the decline in home prices continued to narrow, with regional market trends diverging, and varying price movements across different cities. Real estate development investment continued to drop, reflecting efforts across regions to digest inventory and strictly control increments. This represents a rational choice by developers in response to current market conditions, which should be objectively analyzed and correctly assessed. There is still significant potential for high-quality development in China's real estate sector, the representative added. From the perspective of rigid demand, the housing needs of new citizens such as newly settled migrant workers and recent university graduates need to be continuously released. From the perspective of improvement-related demand, urban housing in China exhibits demand for 'trade-in' and 'upgrade by trading in a smaller unit'. AASTOCKS Financial News Website: www.aastocks.com |
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