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Can Social Housing Program Help Secure a Soft Landing?

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Can Social Housing Program Help Secure a Soft Landing?

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Qing Wang, Ernest Ho Social housing projects offer a cushion to offset potential deceleration in construction of market-based housing. Overall fixed asset investment is likely to remain buoyant due to strong loan growth for the rest of the year. Even with a hypothetical 7% decline in construction of market-based residential housing, we estimate that a soft landing is achievable because we expect a substantial expansion of the social housing program this year.

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