China’s economic stimulus efforts have gained momentum through initiatives aimed at boosting consumption and the property sector. However, experts argue that further measures are required to achieve a significant economic turnaround. Although progress has been made, a more aggressive approach is necessary to address the challenges ahead.
Private home prices and rents experienced a rapid surge in the third quarter of 2022, indicating a strong real estate market. However, the growth in HDB resale prices showed signs of moderation during the same period. These observations highlight the ongoing dynamics of the housing sector, posing implications for homeowners, investors, and policymakers alike.