Chinese real-estate related lending posted a marked slowdown in growth last year as Beijing sought to cool down overheating urban property markets.
China’s land ministry has announced that it will seek to expand the country’s residential land supply by withdrawing from its position as monopoly provider.
The China Banking Regulatory Commission is further intensifying its crackdown on shadow banking activities, specifically targeting illicit flows of funds into the stock and real estate markets.
Chinese cities are rolling back some of the property market control policies launched at the central government’s behest last year, claiming that the measures are intended to shore up their appeal to skilled personnel.
Housing prices in Shenzhen posted a modest fall in the final month of 2017, following the implementation of property market control policies on late 2016 that have induced 15 consecutive months of price declines.
Housing transactions have fallen to a record low in the Chinese capital following the introduction of strict real estate market controls in March of this year.
Various forms of fraudulent property financing have spread like wildfire around China, helping to inflate real estate markets amidst a crackdown by regulators.
One of China’s leading think tanks expects the country’s property markets to cool further next year, with a strong likelihood of real estate investment, sales values and home prices easing further.
Housing transactions in key cities across China posted a sharp year-on-year decline in November, as municipal governments continue to step up their property control policies, and sales restrictions spread to third and fourth-tier cities.
One of China’s leading real estate figures says that the country’s housing prices are still “far from rational,” and that the ongoing urbanisation process is set to maintain strong demand for years to come.