Recent large-scale real estate divestitures by Chinese state-owned enterprises have garnered attention. Some analysts suggest that these moves signal impending major policy adjustments, potentially leading to a drop in housing prices—a development that might not necessarily be negative.
On September 29, Chinese media reported that Jinan Urban Development Group, a subsidiary of the State-owned Assets Supervision and Administration Commission of the Jinan city government, had purchased 3,000 rental apartments last year and sold over 1,300 of them.