China Housing

Price growth of China new homes slows further

Prices of new homes continued to increase on the mainland last month but at a slower average pace of 11.1 per cent, compared with 12.4 per cent in January. Photo: Bloomberg

The mainland's housing price inflation eased last month for a second consecutive month as tighter credit weighed on home-buying sentiment and added to pressure on developers to cut prices before it is too late.

Wednesday, 19 March, 2014, 5:07am

Getting a flat in new affordable housing project in Beijing like winning a lottery

While the supply of subsidised homes in Beijing is increasing, some say this will result in higher land costs that will flow through to the broader housing market. Photo: Reuters

It's like a lucky draw. More than 140,000 families are lining up for only 2,000 flats on sale in Beijing's first "self-use commercial home" project along the southeastern part of the capital's fifth ring road - about half an hour's drive to the nearest central business district.

26 Feb 2014 - 5:17am

Sex shop owner's insights stimulate debate among China's developers

Rattled by her message, some developers have described Ma Jiajia as 'an alien'. Photo: website

Ma Jiajia has suddenly become a famous - albeit controversial - figure in the mainland property market.

Born in the 1990s, she is the chief executive of a company that runs sex shops.

Ma was recently invited by China Vanke, the country's biggest home builder by sales revenue, to deliver a two-hour talk in which she claimed that her generation does not buy homes.

26 Feb 2014 - 12:18pm 3 comments

Chinese dream of home ownership stalled by galloping mortgage rates

Banks in Beijing are charging homebuyers higher mortgage rates, keeping many out of the market. Photo: Reuters

Many a mainlander received Lunar New Year wishes for the dream of home ownership to come true in the Year of the Horse, but the banks are providing a harsh dose of reality.

Lenders are tightening their mortgage policies, keeping the dream of owning a property just that for the millions priced out of the market.

12 Feb 2014 - 4:33pm 1 comment

Fosun to boost housing projects for the elderly

The rapid increase in the number of elderly people on the mainland is seen by conglomerate Fosun International as offering potential for the housing market. Photo: Reuters

Fortress has partnered Fosun to operate joint venture Shanghai Starcastle Living Services, which already has a housing project for the elderly in the city.

23 May 2013 - 3:51am

Urbanisation may be one of China's greatest challenges

A yard outside migrant workers' makeshift houses is seen next to a city residential compound in central Beijing. Photo: Reuters

In recent months, Premier Li Keqiang has targeted urbanisation as a priority for the economy. Indeed, urbanisation will boost economic growth and create a better living environment for all. In terms of both geographic scope and size of the population, the process in China will break records. What could the consequences be on residential property markets at city levels?

22 May 2013 - 2:53am

China could learn from Singapore's public housing model

China could learn from Singapore's public housing model

Even with the small dip after strong control measures, housing prices in Hong Kong remain near a historic high. With its property among the most expensive in the world, Hong Kong has long grappled with the problem of housing affordability. To effectively address it, a co-ordinated programme should have been put in place more than two decades ago. Yet mainland China has worse housing problems than Hong Kong. But it is not too late to fix it.

17 Apr 2013 - 3:25am 1 comment

China's new leadership unlikely to roll out new property curbs, analysts say

Prospective buyers at a property showroom in Beijing, where average real estate prices have risen 365 per cent to 20,700 yuan a square metre between 2003 and last year, outpacing the national average increase of 145 per cent. Photo: Reuters

The property market has been among the key topics at the annual meetings since 2010, after mainland property prices started to rise rapidly in 2009, surging by more than 20 per cent that year.

1 Mar 2013 - 4:58am

Demand to keep mainland property market buoyant, say bank analysts

Ma Jun, chief China economist at Deutsche Bank. Photo: SCMP

Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales volumes and prices in 2012, according to analysts.

Home prices, especially in major cities, could be pushed higher as inventory stocks drop, which might trigger expectations for further policy measures to regulate the market, the analysts said.

23 Jan 2013 - 4:47am

Vice-Premier Li Keqiang's comments send developers' shares higher

Mainland property prices are not likely to rise, with homebuying curbs set to stay in place. Photo: Reuters

Developers were the star performers on the stock market yesterday after premier-in-waiting Li Keqiang said urbanisation would drive most of the country's development in the next decade.

1 Dec 2012 - 4:37am

Congress Briefs, November 14, 2012

Guangzhou Deputy Mayor Gong Erzhen has called on the city's young civil servants to embrace Cantonese, the Guangzhou Daily reported. 

14 Nov 2012 - 5:43am

China to add funding to public housing

China will add 5 billion yuan (HK$6 billion) of funding to help build public housing projects and revamp shanty towns, the finance ministry said on Monday.

The move is the latest sign of renewed central government efforts to use fiscal spending to underpin economic growth.

29 Aug 2013 - 4:13am

Pressure for new curbs on China's housing market eases

A labourer at a construction site of a residential block in Taiyuan, Shanxi province. There is plenty of supply in the market. Photo: Reuters

Fewer mainland cities recorded higher property prices last month, easing pressure on the government to take new steps to cool the market.

Figures from the National Bureau of Statistics, which monitors property price movements in 70 major cities, show prices rose in 36, fewer than the 50 cities in July.

19 Sep 2012 - 6:28pm