What Will the Two-Child Policy Mean for China’s Property Market? – China Real Time Report – WSJ

China’s latest move to scrap its one-child policy buoyed property developer stocks Friday on hopes it could provide a boost to housing demand.

All Chinese couples will be allowed to have two children, Chinese official media said Thursday, after a meeting of top officials. While a timetable hasn’t been established, there are prospects that an increase in the size of Chinese households could raise demand for larger homes.

Shanghai housewife Tracy Li said she and her husband will be looking for a larger home once their two sons, one aged four and one who is almost a year, get older. They currently live in a two-bedroom apartment in Shanghai’s Minhang district. Like many Chinese parents, she doesn’t think it’s necessary for each child to have their own room but want to be able to accommodate grandparents, who in China are frequently deeply involved in childcare.

“When the children are older, it’s not too good for them to share a bedroom with their grandparents when they come over,” said the 34-year-old Ms. Li, who asked to be referred to by her English, rather than her Chinese, name. Finding a home in a good school district will take some time, said Ms. Li, who wants to move before her oldest son reaches school age.

Source: What Will the Two-Child Policy Mean for China’s Property Market? – China Real Time Report – WSJ

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