China Says It Will Start Buying Apartments As Housing Slump Worsens - The World News ^new^ Jun 2026

Previous government efforts focused on easing credit to developers or loosening purchase restrictions for buyers.

These apartments will not be resold on the open market. Instead, they will be designated as "security housing" or "young talent apartments." This aligns with President Xi Jinping Previous government efforts focused on easing credit to

In a landmark policy shift aimed at staunching the bleeding in the nation’s beleaguered property sector, Chinese authorities have announced that they will begin directly purchasing unsold apartments from distressed developers. The move, confirmed by high-ranking officials from the State Council and the People’s Bank of China (PBOC), represents a dramatic escalation of state intervention in the real estate market, which has been in a freefall for over three years. The move, confirmed by high-ranking officials from the

The urgency of this announcement stems from alarming economic data. In recent months, property investment has fallen sharply, and new home prices in major tier-one cities have continued to slide. The "housing slump worsens" narrative is no longer speculation; it is a tangible reality affecting Chinese households. The "housing slump worsens" narrative is no longer