The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
www.caixinglobal.com PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global
PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing
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Hope they paid "market value" and not inflated prices
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