China rolled out a number of policy measures in 2024 designed to reduce financial burdens and ease access for homebuyers, while also arresting the recent downturn in the country's real estate sector and guiding the industry toward a more sustainable development path, analysts said.
Going forward, more forceful steps need to be taken to sustain recovery momentum in the real estate sector, they said, stressing that expanding the supply of government-subsidized housing and accelerating the redevelopment of urban villages will be high on the government work agenda, as well as addressing people's evolving preferences for improved living environments.
