New destocking policies released in Shenyang
Updated: 2016-09-06 19:34
By Liu Ce in Shenyang(chinadaily.com.cn)
|
|||||||||
Customers hardly can be found in the sales center at Vanke Mid Town. [Photo by Tang Huapai/for chinadaily.com.cn] |
Shenyang released new destocking polices to encourage new graduates to buy houses with their parents' housing accumulating funds.
According to the regulation, students graduating from universities and colleges within eight years can use their parents' money to buy their own apartments.
A source close to local government explained that it aims to help ease new graduates' financial burdens and enable them to make a down payment. However, it aroused hot debate about the real estate downturn in the industrial base that's suffered an economic setback since last year.
According to an analysis by Cric, the real estate inventory in Shenyang was 28.74 million sq m by the end of 2015, ranking it among the top 29 key cities in China. It will take 20 months to destock.
"It is understandable that local government is under pressure. But I prefer to purchase a home through my own efforts," said Li Fangfang, a senior at Shenyang Normal University.
A source close to the market disclosed that Vanke, New World Land and Hang Lung have hardly met their sales targets in recent years. The companies could not be reached for comment.
- Xi tells Park China opposes deployment of THAAD in ROK
- Singapore confirms 27 new cases of Zika infection
- Russia, Britain agree to mend ties
- EU can't leave entire migration issue to mediterranean countries: official
- Rousseff appeals impeachment to Supreme Court
- Europeans displeased with their education systems
- First Ladies shopping in Hangzhou
- Flower children greet world leaders in Hangzhou
- World's largest transparent-domed bar under construction
- In pics: Journalists cover G20 Summit in Hangzhou
- Air attendant 'incubator' welcomes freshmen
- Evening gala for G20 summit held in Hangzhou
- First Lady fashion: Rhapsodies in blue
- Hangzhou: A city of bridges in East China
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
US Weekly
Geared to go |
The place to be |