Mainland media have dubbed a generation of middle class "fang nu", or housing slaves, a reference to the lifetime of work they needed to pay off their debts. They are taking on mortgages even as...
- Mon
- Mar 4, 2013
- Updated: 9:02am
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China Property
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.
18 Feb 2013
Data from the China Index Academy shows that the average price of a new home in 100 major cities recorded an eighth successive month-on-month rise in January, to 9,812 yuan (HK$12,190) per square...
14 Feb 2013
After showing early signs of a pickup last fall, online real estate services firm Soufun is sending even stronger signals that springtime may indeed be coming for companies that make their money...
1 Feb 2013
The expansion of the pilot property tax programme on the mainland has been deferred, the official China Securities Journal reported yesterday.
30 Jan 2013
Municipal governments of Shanghai and Chongqing imposed the taxes early in 2011 to cool the market, but in Shanghai prices rose by over 7 per cent last year and in Chongqing prices recovered from...
Zhang Yan, an official with Yuncheng city’s Commission for Discipline Inspection, was found to have illegally registered more than one household registration permits.
The state banking watchdog is launching an investigation into a former Shanxi bank official after she was accused of using a double residence loophole to buy properties worth millions of yuan, the...
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Shares of China Vanke rose their 10 per cent daily limit yesterday after the country's largest developer by market value announced plans to move trading of its foreign-currency shares to Hong Kong...
Shanghai developers are cutting incentives and discounts after a strong rebound in sales in the primary and secondary market.
Mainland property stocks have been buoyed by a senior tax official's comment published yesterday that the nation is likely to postpone the expansion of its trial property tax to more cities.
Have a chat with someone on the mainland and eventually the topic will turn to property.
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