0958 GMT - Beijing may step up policy actions to address the country's property-market downturn, DBS analysts write in a note. China is reportedly considering the removal of a price ceiling for local governments buying up excess housing inventory. That is a sign that Chinese policymakers are willing to undertake more efforts to support the sector, indicating that there is room for more policy measures to come, DBS says. While the move would allow local governments to offer higher purchase prices and encourage property developers to participate in the buyout program, weak incentives for local governments remain unaddressed, DBS says. The bank thinks the initiative will likely be carried out at a relatively gradual pace. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 07, 2025 04:58 ET (09:58 GMT)
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