China is gearing up to stabilize its real estate market in 2025, according to a recent work conference held by the Ministry of Housing and Urban-Rural Development. The two-day conference, which concluded on Wednesday, outlined plans to prevent further decline in the property sector and support housing demand.
The ministry emphasized the importance of the housing provident fund—a system that helps workers save for home purchases—stating it will play a crucial role in boosting the market. The government also plans to reform the commercial housing system, enhance the quality of residential buildings, and expand urban village reconstruction projects.
Zhang Renyuan, director of corporate ratings at S&P Global (China), expressed optimism about these initiatives. He noted that the decline in China’s commercial housing sales is expected to narrow in 2025, with the urban village reconstruction program serving as a key factor in market stabilization.
"After implementing the monetized resettlement policy, we anticipate that resettlement demand will gradually transform into commercial housing contracts within the next two years," Zhang said. "This will provide a significant boost to the Chinese real estate market."
The government’s efforts aim to revitalize the property sector, which plays a vital role in China’s economy. By addressing housing demand and investing in urban development, China hopes to create a more stable and sustainable real estate market for the future.
Reference(s):
China housing regulator: stabilize the real estate market in 2025
cgtn.com
