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China May Ease Property Curbs For Growth, Deutsche Bank Says

Some homebuyers were convinced that the market had bottomed after about 40 cities adjusted local property restrictions to encourage spending, Centaline, China’s biggest real-estate brokerage, said in the report..

Some homebuyers were convinced that the market had bottomed after about 40 cities adjusted local property restrictions to encourage spending, Centaline, China’s biggest real-estate brokerage, said in the report..


China may relax its property curbs to encourage end users to buy homes as the government seeks to support economic growth, according to Deutsche Bank AG.



More “fine-tuning” by local governments of real-estate tightening measures is expected because of continued weakness in land sales and the resulting financial pressures, Tony Tsang and Jason Ching, Hong Kong-based analysts at Deutsche Bank, said in a note to clients.

The central government’s tolerance of local authorities’ attempts to loosen property curbs is growing as home pricesdecline, according to CEBM Group Ltd., an investment-advisory firm. Housing transactions in Beijing surged 30 percent in May from the previous month to 23,174 units, the highest since the Chinese capital imposed property controls in February last year, after banks lowered mortgage rates to support first-home buyers, Centaline Property Agency Ltd. said in a June 1 report.




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