Market Views: Longer-term impact of China's property stimulus
Recent government measures to prop up the sliding property market have led to developers’ shares climbing higher and soaring home sales. Will the new measures offer a sustained fix this time?
Chinese authorities recently announced a slew of policies to buoy a slumping housing market.
Chinese banks trimmed existing mortgage rates by up to 25 basis points. The People's Bank of China (PBOC) lowered nationwide minimum down payment requirements to 20%- 30% for first-time and second-time homebuyers, from up to 80% for second-time buyers.
Moreover, top-tier cities, including Guangzhou, Shenzhen, Shanghai, and Beijing, all announced that they will now treat households that h…
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