Here is a list of the day’s latest China real estate news collected from around the web:
Chinese officials will increase support for construction of affordable housing and ensure that “loan demand from first-home families” is met, the People’s Bank of China said on its website yesterday. A crackdown on real-estate speculation threatens to trigger a property slump in the world’s second- biggest economy.
China will see more mergers and acquisitions in the real estate sector this year, with domestic players continuing to dominate the market, according to industry analysts.
The cash flow of property developers will be further squeezed as the credit policies relating to them remain tight and most of their financing channels, such as trust and overseas financing products, will come due this year.
Beijing’s revenue from land sales is expected to drop by 30 percent once again this year to hit 90 billion yuan ($13.6 billion) as the city’s property market cools down as a result of continuous tightening measures.
If that prediction comes true, the city will see its worst year on record for raising revenue from land sales, the local bureau of finance said.
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