China’s government has pledged to continue efforts to stabilize its housing market in 2025, aiming to reverse the current downturn and boost economic growth. The Ministry of Housing and Urban-Rural Development announced plans to unlock housing demand by fully implementing policies that support people buying their first homes or looking to improve their living conditions.
This year, China’s property market has shown positive signs, thanks to a series of supportive measures. These include reductions in mortgage rates, lower down payment requirements, relaxed purchase restrictions, land-use improvements, and favorable fiscal and tax policies.
An official from the ministry highlighted signs of recovery, noting that new home transactions, measured by floor area, saw year-on-year and month-on-month increases in October and November.
To sustain this momentum, the ministry plans to optimize housing supply by strictly controlling the expansion of new commercial housing while enhancing the quality of homes. There will also be greater efforts to expand the supply of affordable housing, offering more support to new urban residents, young people, and migrant workers.
China also intends to intensify support for urban village and dilapidated housing renovation projects next year, further expanding the scale of such initiatives.
As part of establishing a new development model for the real estate market, the country will focus on increasing the supply of improved housing, particularly high-quality homes. Additionally, reforms are being pursued for the commercial housing sales system, shifting from the traditional pre-sale practice to the sale of completed new homes.
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China vows continued efforts to stabilize housing market in 2025
cgtn.com
