China Rehashes Policies to Stabilize Its Property Market

The head of the Ministry of Housing and Urban-Rural Development said the goal was to ’stop the [housing] market from falling and return it to stability.’

Unfinished apartment buildings stand at a residential complex developed by Jiadengbao Real Estate in Guilin, Guangxi Zhuang region, China, on Sept. 17, 2022. Eduardo Baptista/Reuters

China’s stimulus-themed public relations blitz continued on Oct. 17 with another high-profile press event. This time, the Ministry of Housing and Urban-Rural Development (MOHURD) led the discussion of stabilizing the country’s housing market.

Ni Hong, head of the MOHURD, rehashed previously announced policies, including removing restrictions on house purchases, sales, and prices, reducing the minimum down payments required for second-home buyers, and decreasing mortgage rates.