Reported 9 months ago
China's State Council executive meeting on June 9, 2024, discussed real estate-related work, proposing to continue researching and implementing new measures to reduce inventory and stabilize the market. This signals a potential launch of new official policies to address the housing inventory issue. Current policies aim to accelerate sales, activate existing housing stock, and introduce more innovative measures. The report also mentions the success of recent policies like reducing mortgage rates and increasing government purchases of existing housing. Analysts predict upcoming measures will focus on accelerating the sale of existing and new housing to stabilize housing prices.
Source: YAHOO