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More than 50 cities rolled out measures to shore up housing market

2020-02-28 2022-03-23

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A number of local governments in China have announced various measures to support the real estate sector and stabilize housing markets hurt by the coronavirus outbreak.

According to Centaline Property, more than 50 local governments have rolled out real estate-related measures since the coronavirus epidemic began, including measures aimed at easing liquidity pressure on developers as well as those aimed at boosting housing demand.

Suzhou in eastern China's Jiangsu Province announced a package to ease pressure on real estate developers, according to a document released by the local regulator on Friday.

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