The Chinese Mainland is set to stabilize and prevent further decline in the property market in 2025, according to a recent work conference held by the Ministry of Housing and Urban-Rural Development.
The conference highlighted plans to vigorously support housing demand by fully utilizing the housing provident fund. Additionally, efforts will be made to reform the commercial housing system, enhance the quality of residential buildings, and expand urban village reconstruction.
Zhang Renyuan, director of corporate ratings at S&P Global (China) Ratings, noted that the decline in commercial housing sales is expected to narrow in 2025, with the urban village reconstruction program playing a pivotal role in stabilizing the market.
He further added that following the implementation of the monetized resettlement policy, resettlement demand will gradually convert into commercial housing contracts within two years, providing a significant boost to the real estate market in high-tier cities.
Reference(s):
China housing regulator: stabilize the real estate market in 2025
cgtn.com
