Experts see property recovery on policy aid

The deserted Evergrande City Plaza shopping mall outside a residential complex constructed by Evergrande in Beijing, China, on Friday, Aug. 18, 2023. Chinas indebted property developer Evergrande group filed for Chapter 15 bankruptcy protection in a U.S. bankruptcy court on Thursday. Source: Bloomberg

Beijing: China’s recent policy incentives to help the troubled real estate sector recover sooner rather than later are shoring up market sentiment, creating a potential positive direction for the future, experts say.

“Various favourable policies have been successively introduced recently, like reducing down payment ratios, lowering mortgage interest rates and adjusting eligibility criteria for first-time home buyers.