Name: Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories
Uploaded: 2024-04-16T02:16:38-04:00
Duration: 5 min
Description: BEIJING (Reuters) – China’s central city of Zhengzhou has asked residents to sell their second-hand homes to a local state-owned company and buy new ones instead, in a bid to reduce new-home inventories and boost the local property sector. Local state state-owned company Zhengzhou Urban Development Group Co. will buy 500 second-hand homes from April […]

Tag: inventories

Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories

BEIJING (Reuters) – China’s central city of Zhengzhou has asked residents to sell their second-hand homes to a local state-owned company and buy new ones instead, in a bid to reduce new-home inventories and boost the local property sector. Local state state-owned company Zhengzhou Urban Development Group Co. will buy 500 second-hand homes from April […]

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