Beijing and Shanghai Reduce Taxes on Large Home Sales to Boost Market
Beijing and Shanghai authorities have cut taxes on larger house transactions to stimulate the real estate market, aiming to boost sales and provide more options for homebuyers.
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Beijing and Shanghai authorities have cut taxes on larger house transactions to stimulate the real estate market, aiming to boost sales and provide more options for homebuyers.
Major banks in the Chinese mainland have reduced existing mortgage rates by an average of 50 basis points, following the central bank’s rate cut to support the real estate sector.
China’s real estate sector is booming with new policies boosting major cities. CGTN’s Zheng Songwu explores the impact in Chengdu.
China’s GDP grows 4.8% in 2024, with real estate investors optimistic as new stimulus packages roll out.
The Chinese mainland’s real estate market shows signs of stabilization and growth, supported by new policies and increased transactions in major cities.
The Chinese mainland’s Ministry of Housing and Urban-Rural Development unveils ‘Four Cancellations, Four Reductions, Two Increases’ to boost the real estate sector by easing purchase restrictions and lowering loan rates.
Vietnam’s real estate tycoon Truong My Lan has her death sentence reduced to life imprisonment in the country’s largest financial fraud case.
China unveils new measures to stabilize its real estate market, including support for housing renovations and enhanced financing through the white list mechanism.
Chinese Vice Premier He Lifeng advocates expanding financial support mechanisms to stabilize the housing market and boost economic recovery.
Paulson Institute’s Deborah Lehr highlights how the Chinese mainland’s government policies are boosting market confidence and driving economic growth.