The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml · 3 months ago

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

Sodium_nitride@lemmygrad.ml · 3 months ago

Since housing prices are down, I think they will. Although the point of the move was to help the profitable but insolvent developers get some cash flow and complete their existing projects.

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global