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<CN Home>Some Regions Still Facing Immense Pressure to Clear Housing Inventory; Continued Efforts Needed to Stabilize Property Mkt: NBS
Fu Linghui, spokesperson for the National Bureau of Statistics (NBS) and the person in charge of the Department of Comprehensive Statistics of the National Economy, revealed at a p...
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<CN Home>Some Regions Still Facing Immense Pressure to Clear Housing Inventory; Continued Efforts Needed to Stabilize Property Mkt: NBS
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Fu Linghui, spokesperson for the National Bureau of Statistics (NBS) and the person in charge of the Department of Comprehensive Statistics of the National Economy, revealed at a press conference held by the State Council Information Office that China's policies to stabilize the property market have continued to yield results YTD, and the real estate market is steadily moving towards stabilization.

In 1-4M25, real estate transaction prices remained basically stable, and transaction activity in some of China's first- and second-tier cities picked up, Fu said. Since the real estate market as a whole is still undergoing adjustment and transformation with demand from first-time homebuyers and those seeking to upgrade still needing further release, however, some regions are facing significant pressure to clear housing inventory. He emphasized that continued efforts are needed to stabilize the property market.

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