China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.
More than 30 cities on the mainland have lifted home purchase restrictions in the past few months to allow locals and non-locals to buy more than one home.Monday, 4 August, 2014, 7:52am 2 comments
China must not be too hasty in opening up its capital account before solving serious domestic problems, including a housing bubble and inefficient allocation of resources, a prominent economist said.11 Apr 2014 - 5:49pm
Centaline Group chairman Sherman Lai foresees further mainland growth by expanding to more cities and taking on strong competition from the likes of online property agency Home Link.19 Mar 2014 - 5:29am
The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme already in place for three years will be suspended.
A trial tax was imposed in 2011 on owners of spacious, expensive and multiple homes in Shanghai and Chongqing.12 Mar 2014 - 2:40am
Home prices in the mainland's top-tier cities will keep rising on strong demand, and local governments will be cautious in taking any further tightening measures so as not to crush the market, analysts said.17 Jan 2014 - 4:39am
Beijing is speeding up the development of a nationwide home ownership database, a move that faces strong resistance from local governments.27 Nov 2013 - 3:27am
Investment in mainland property fell 12.5 per cent to US$24.9 billion in the second quarter, dragged lower by a fall in land sales, a growing difficulty in sourcing capital and a slowdown in the economy, according to property consultancy DTZ.31 Jul 2013 - 10:39am
Land prices on the mainland may continue to set new highs despite government cooling measures, property analysts said after Beijing sold a luxury residential site for a record price this week.26 Jul 2013 - 2:44pm 2 comments
The rapid growth was seen in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, with analysts expecting the growth momentum to continue for the remainder of this year.19 Jun 2013 - 4:45am
The central government could extend the trial property tax, first introduced in Shanghai and Chongqing two years ago, to more cities, the National Development and Reform Commission indicated last month.18 Jun 2013 - 4:36am