real estate market

The recent mortgage rate increases in China’s banking sector reveal complex dynamics within the country’s financial system. In Hangzhou, a major economic hub in China’s Zhejiang province, mortgage rates for first-time homebuyers have been raised twice in just one month, moving from 2.

China’s property market has been a subject of intense scrutiny since entering a downturn phase in 2021. CICC’s recent research report suggesting market stabilization by 2026 warrants careful examination through multiple analytical lenses.

In a notable development in Beijing’s luxury real estate market, Li Ka-shing’s Cheung Kong Holdings recently launched sales at Yu Cui Yuan project in Chaoyang district with a striking 24% discount from the previously filed prices.

On October 19, the China Construction Guanzhao project located in Guangming District, Shenzhen launched for sale. In a scene reminiscent of previous frenzied buying, 2,047 eager homebuyers competed fiercely for just 192 available units.