Reported 12 months ago
The implementation of the New Green Housing Policy has increased the desire for first-time homebuyers, leading to a record high of 8273 households receiving loans in May this year, with an average loan amount of 7.68 million yuan. The property market is booming due to expectations of inflation and rising prices, prompting talks of the central bank possibly implementing a sixth round of property market control measures. Despite the New Green Housing Policy making home loans more accessible, experts believe that achieving a balance between supply and demand is crucial for rationalizing property prices.
Source: YAHOO