BEIJING : Chinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4 per cent year on year, driven by more state support for the highly indebted sector, according to market researcher CRIC.CRIC surveyed one hundred companies. The figure for the year 2022 was 824 b
BEIJING : Chinese property companies raised a total of 101.8 billion yuan in December, up 33.4 per cent year on year, driven by more state support for the highly indebted sector, according to market researcher CRIC.
The central bank said on Thursday that for cities where the selling prices of new homes fall month-on-month and year-on-year for three consecutive months, the floor on mortgage rates can be lowered or abolished for first-time home buyers in phases.
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