Wang Tao: What’s the Outlook for China’s Housing Market?

China’s property activities weakened notably in the second quarter and early third quarter after a short-lived rebound in the first three months of 2023, weighing on the recovery of the economy.

The government has been easing property policies since November 2022, and the Politburo set a more supportive tone in its July meeting. But how are households’ latest homebuying intentions and confidence? Are they still concerned about stalled projects and willing to repay mortgages early? What are the top factors affecting market sentiment?