China is planning to allocate at least 1 trillion yuan ($137 billion) in low-cost financing to support the nation’s urban village renovation and affordable housing programs. The move is aimed at bolstering the struggling property market, which has been impacted by a significant downturn. The funds will be injected in phases through policy banks, ultimately benefiting households looking to purchase homes.
China to Inject 1 Trillion Yuan into Urban Village Renovation and Affordable Housing Programs
China to Inject 1 Trillion Yuan into Urban Village Renovation and Affordable Housing Programs - Off Plan Property Exchange
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