Volume 07 Issue 06 June 2024
1Minshu Hou, 2Doris Padmini Selvaratnam
1,2Universiti Kebangsaan Malaysia
DOI : https://doi.org/10.47191/ijsshr/v7-i06-04Google Scholar Download Pdf
ABSTRACT
This study will delve into the subtle and complex relationship between China's economic conditions and the property market. Based on extensive analyses and a large body of literature, the research attempts to explore the consequences of China's property market volatility on social structure and economic growth. The paper details the ways in which property market dynamics interact with economic conditions. Clear findings suggest that changes in house prices directly affect regional development and overall economic stability; in other words, the property market can lead to sustained economic development. It is argued that strategic measures in housing market management are necessary to ensure sustainable growth. In addition, a number of policy recommendations were made to improve housing affordability, promote diversification of the residential supply and generally improve the economic environment through targeted measures.
KEYWORDS:Housing market, China, Economic stability, Housing prices, Regional development.
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