More tweaks ahead for property policy

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The story "More tweaks ahead for property policy" was covered 10 hours ago by The Star, a news publisher based in Malaysia.

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The Star 10h ago

More tweaks ahead for property policy - The Star

Quick Summary:

POLICY fine-tuning in real estate may be necessary in 2025 for China to more effectively address debt risks facing developers, a crucial link in ensuring a steady economic recovery and preventing systemic financial risks, economists and analysts said.

To ensure that presold real estate projects have access to necessary funding, China introduced a real estate financing coordination mechanism last year.

However, the total financing of 65 typical Chinese real estate enterprises in 2024 was 462.9 billion yuan, down 31 percent from 2023, according to CRIC.