Reported 5 months ago
Analysts suggest that China's recent stimulus plan, including over $41 billion for local governments to buy unsold homes, may not be enough to revive the country's struggling property market. Despite policy changes like reduced down-payment ratios and mortgage interest rates, buyer confidence remains low due to ongoing price declines and concerns about developers fulfilling promises. With a record amount of unsold homes and unfinished projects, experts believe it will take significant capital injection and time to stabilize the market and rebuild homebuyer confidence, especially as broader economic conditions and demographic shifts impact demand.
Source: YAHOO