The Chinese government is taking measures to address the real estate liquidity crisis. Beijing and Shanghai have relaxed homebuying policies, including lower down-payment ratios, to boost the property market. Meanwhile, Hong Kong's leader, John Lee, is cracking down on illegal structures in luxury houses, which could lead to a further decline in property prices. This move is aimed at addressing inequalities in the residential market and is likely to please Beijing and the public.
China’s two most expensive housing markets — Beijing and Shanghai — unveiled a further relaxation of homebuying policies, including a lower down-payment ratio, as part of efforts to boost the country’s property market. https://t.co/oERzRWYcDz
"Beijing cut the down-payment ratio for 2nd🏠to 40%/50% vs prev threshold of 60%/80%...also lowered down-payment ratio for 1st🏠to 30% from 35%/40% + allowed more🏠to qualify for lower mortgage thresholds by relaxing definition of 'non-luxury homes'..." https://t.co/N7Gx2zUlgm
Singapore is the last hope for wealthy Chinese émigrés wanting to flee china. The UK, Ireland and Portugal have all abolished ‘golden visas’, writes @jeevanvasaga: 👇https://t.co/Qhe0uLaflq
‘They’ll buy Bentleys and Rolls Royces — one or two for the husband and wife — and then half a dozen large Toyota vans for their entourage.’ Singaporeans are souring towards super-rich Chinese émigrés, writes @jeevanvasaga: 👇https://t.co/Qhe0uLaflq
Chinese authorities relax homebuying curbs in Beijing, extending efforts seen in major cities to stem an unprecedented housing downturn https://t.co/g4gj5Ug8vq
Chinese authorities relax homebuying curbs in Beijing, extending efforts seen in major cities to stem an unprecedented housing downturn https://t.co/k1JDBVsv8Y
🇨🇳 CHINA'S BEIJING WILL LOWER THE MINIMUM DOWN PAYMENT FOR NEW MORTGAGES - BEIJING GOVT https://t.co/TUJc8ar9xJ
Singapore is growing tired of being a refuge for super-rich Chinese. Ostentatious displays of wealth are grating at a time of austerity, writes @jeevanvasaga: 👇 https://t.co/Qhe0uLaflq
Why are elite Chinese fleeing to a tiny Singaporian island? Xi Jinping is driving out the capitalists, writes @jeevanvasagar: 👇https://t.co/Qhe0uLaflq
Hong Kong’s leader John Lee is talking tough on illegal structures in the city’s luxury houses. Tackling the issue will frustrate the rich and may hit government revenues but it would please Beijing and the public. @T__shum explains the growing necessity to act https://t.co/TdC4gAZC6C
A serious crackdown by Hong Kong leader John Lee on illegal structures in the city’s luxury houses could mean property prices in the financial hub falling even further. Yet intolerable inequalities in the residential market mean there is a growing need to act, argues @T__shum https://t.co/9LKVmJ9EdZ
A serious crackdown by Hong Kong leader John Lee on illegal structures in the city’s luxury houses could mean property prices in the financial hub falling even further. Yet intolerable inequalities in the residential market mean there is a growing need to act, argues @T__shum https://t.co/gk6Ewp5Aqi
Hong Kong’s leader John Lee is talking tough on illegal structures in the city’s luxury houses. Tackling the issue will frustrate the rich and may hit government revenues but it would please Beijing and the public. @T__shum explains the growing necessity to act https://t.co/RqxnUBoKv3
A top Chinese housing official pledges to avoid a cascade of debt defaults by property developers, among the strongest comments yet to cushion an escalating real estate liquidity crisis. https://t.co/md129pWkzl