Factbox-China's measures to shore up its indebted property sector
© Reuters. FILE PHOTO: A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File photo
Sept 1. - China is set to take further action, sources said. Proposed measures include lifting home-purchasing curbs in non-core districts of major cities such as Beijing, Shanghai and Shenzhen and gradually removing price caps on new homes, they said. Aug. 25 - Local governments are permitted to scrap a mortgage rule so that people who have bought a home but then sold it having repaid their mortgage, can get preferential loans as first-time homebuyers, according to state media Xinhua.
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