bullish
Beike (BEKE US): New Government Measures Aimed at Promoting New Home Sales Warrants Attention
369 Views17 May 2024 19:34
SUMMARY
- Today, multiple cities in China introduced property stimulus measures to encourage buying new over existing homes. These policies also discourages people from selling their homes.
- Past measures encouraged home purchases by lowering mortgage rates and down payments, resulting in an increase in existing home transactions, because new home has developer default risks.
- This time, we saw for the first time, local Chinese governments introduced supplemental policies to guide new home purchases. We believe more of such measures can be on its way.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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