China to Expand Basic Housing Support for New Urban Residents and Young People
On September 18, Zhang Xuetao, director of the Real Estate Market Supervision Department of the Ministry of Housing and Urban-Rural Development, said at a press conference that the ministry will scientifically plan the construction and acquisition of subsidized housing and optimize the supply of such housing. Urban low-income households facing housing difficulties should receive support on a full-coverage basis, with the program playing a bottom-line guarantee role.
Why this event matters
The event has a measured impact on 3 industrys. The strongest current signal is positive for Residential Development, with intensity 50/100 and 70% confidence over a medium term horizon.
Residential Development
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Building Construction
- Direction
- positive
- Intensity
- 45
- Confidence
- 65%
- Horizon
- Medium term
Property Management
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.