Local governments across China are pushing various measures to stimulate growth in the floundering real estate market, following the defaults of several real estate giants in the last two years.
However, experts believe that China’s housing market saturation, coupled with low investor confidence, means that the decline of the property sector is unlikely to reverse itself.
According to an article published on Sept. 15 by Securities Daily, a state mouthpiece for financial sector information, as of Sept. 14, at least 120 cities and regions across China have relaxed mortgage borrowing requirements for some buyers in the Housing Provident Fund (HPF) program. HPF loan amounts have also increased, and preference is being given to three-child families….