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View all search resultsThe housing ministry has introduced a new regulation to be issued on April 21 that expands the maximum income threshold for individuals and couples eligible for the government's subsidized homeownership program, so residents in major cities also have access to affordable homes.
Property players have welcomed a new set of government-funded incentives meant to reinvigorate an industry hit first by the pandemic and then by rising interest rates, but whether the sweeteners will help the apartment segment out of the doldrums remains to be seen.
Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up efforts, with the stimulus is starting to gain traction although a property crisis and other headwinds continue to pose risks to the outlook.
The government has been easing regulations on home ownership since 2021, aiming to attract more foreigners to buy properties in the country, but the effort has produced few results because of regulatory misalignment and a lack of supply.
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