Investors' expectations for rising housing prices in China have rebounded as policy support and improving market activity stabilize the property sector, according to a new survey released by Cheung Kong Graduate School of Business.
About 45.2 percent of respondents now expect housing prices to increase, up 8.6 percentage points from the previous survey in December, the school said in its latest quarterly investor sentiment report.
The improvement comes as Chinese cities have rolled out a fresh round of stimulus measures aimed at reviving housing demand and lowering purchasing costs.
In early May, several major cities — including Shenzhen and Guangzhou in Guangdong province, as well as Wuhan in Hubei province and Tianjin — introduced new policies designed to support the housing market. Measures include easing purchase restrictions, raising housing provident fund loan limits and offering additional subsidies to homebuyers.
The moves followed a meeting of the Political Bureau of the Communist Party of China Central Committee in April that called for stabilizing the real estate market and adjusting regulatory policies in a steady and orderly manner.
