China’s Ministry of Housing and Urban-Rural Development has announced plans to stabilize and prevent further decline in the property market in 2025. The announcement was made during a work conference held on Tuesday and Wednesday.
According to the conference, China will vigorously support housing demand and fully leverage the role of the housing provident fund. The ministry emphasized efforts to promote reform of the commercial housing system, improve the quality of residential buildings, and expand the scope of urban village reconstruction.
Zhang Renyuan, director of corporate ratings at S&P Global (China) Ratings, expressed optimism about the future of China’s real estate market. “The decline in China’s commercial housing sales will narrow in 2025, and the urban village reconstruction program will be key to market stabilization,” he said.
Zhang added that following the implementation of the monetized resettlement policy, resettlement demand is expected to gradually transform into commercial housing contracts within two years. “This will provide a significant boost to the Chinese real estate market in high-tier cities,” he noted.
The government’s commitment to stabilizing the real estate market comes amid efforts to support economic growth and ensure sustainable urban development. By addressing housing demand and enhancing urban infrastructure, China aims to foster a resilient property sector that meets the needs of its population.
Reference(s):
China housing regulator: stabilize the real estate market in 2025
cgtn.com
