The property market has exhibited clear signs of bottoming out and stabilizing due to a recent forceful policy package aimed at easing access for and reducing the financial burden on homebuyers, although dedicated efforts are still needed for a solid recovery next year, officials and analysts said.
Accelerating the redevelopment of urban villages and dilapidating housing, and increasing the supply of government-subsidized housing will be high on the agenda next year to put the real estate industry on a more sustainable footing, they added.
