{"id":32527,"date":"2023-03-01T03:31:52","date_gmt":"2023-02-28T20:31:52","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=32527"},"modified":"2023-03-02T03:45:34","modified_gmt":"2023-03-01T20:45:34","slug":"china-takes-back-control-of-real-estate","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/china-takes-back-control-of-real-estate\/","title":{"rendered":"China takes back control of real estate"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The pandemic has put a strain on the country\u2019s real estate market<\/span><\/p>\n<figure id=\"attachment_32528\" aria-describedby=\"caption-attachment-32528\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-32528 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_259072676.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_259072676.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_259072676-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_259072676-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_259072676-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-32528\" class=\"wp-caption-text\">Rising prices does not aid the growth momentum of the economy after the pandemic slump. TonyV3112\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Real estate contributes to a fourth of China\u2019s GDP, making it one of the country\u2019s main priorities, according to <\/span><a href=\"https:\/\/www.cnbc.com\/2023\/02\/03\/chinas-real-estate-crisis-isnt-over-yet-imf-says.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CNBC<\/span><\/a><span style=\"font-weight: 400;\">. Yet despite the slow growth, the market is said to be going through generally smooth operations, prompting analysts to believe that this is a natural evolution of deleveraging and destocking in recent years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The central bank representatives reassured that any of the related risks will\u00a0 have a local impact, without affecting the rest of the world at all, even with the slow down in construction completion due to the pandemic and financial difficulties.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/slow-and-steady-china-on-path-to-becoming-the-largest-economy-in-the-globe\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Slow and steady: Mainland China on path to becoming the largest economy in the globe<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">However, the <\/span><a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3210806\/global-impact-china-turns-heat-its-property-sector-economy-slowly-rebuilds\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">South China Morning Post<\/span><\/a><span style=\"font-weight: 400;\"> reported that the rising prices does not aid the growth momentum of the economy after the pandemic slump.\u00a0 Both newly completed and second hand homes saw a rise in prices in most cities compared to last year. Transactions are also predicted to shrink this year, making the debt investors and developers made into loans put pressure on the local government authorities and weaker banks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help remedy this, Chinese policymakers got together to discuss the situation, shared <\/span><a href=\"https:\/\/www.businesstimes.com.sg\/international\/global\/boom-bust-and-future-chinas-real-estate-sector\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the Business Times<\/span><\/a><span style=\"font-weight: 400;\">, wherein they decided on lifting the regulatory restrictions similar to the \u201cthree red lines\u201d policy of real estate developers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though China has been struggling after the pandemic, authorities have laid the foundation for the country&#8217;s recovery.\u00a0<\/span><\/p>\n<p><i>The Property Report editors wrote this article. For more information, email:\u00a0<a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pandemic has put a strain on the country\u2019s real estate market<\/p>\n","protected":false},"author":12,"featured_media":32528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[3347,464,638,2485],"class_list":["post-32527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-chia","tag-economy","tag-real-estate","tag-real-estate-sector","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China takes 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