GO
| HSI1 | 24,231.30 | -138.41 | 383.17B |
| HSCEI1 | 8,914.03 | -24.06 | 180.15B |
| Back Zoom + Zoom - Block Traded | |
|
2025-03-06 16:23:11 China is considering removing price caps on local governments' purchases of millions of unsold housing units, Bloomberg cited people with the knowledge of the matter. This move aims to accelerate de-stocking as part of broader efforts to stabilize the country’s real estate market. Under the proposed changes, local governments will no longer be bound by the restriction that pegs the purchase price to the replacement cost of affordable housing in the same area as a reference ceiling, sources divulged. This policy shift will grant local authorities greater autonomy, allowing them to buy unsold properties at more competitive prices, while also relieving the financial burden on developers. ~ AAStocks Financial News Web Site: www.aastocks.com | |