• Mon
  • Dec 22, 2014
  • Updated: 3:28pm

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.

China's built enough housing for everyone. Where is it all?

Like Hongkongers, mainlanders are feeling the squeeze. Photo: AP

In the mainland's big cities - just as in Hong Kong - officials are struggling to contain rising property prices. There, as here, home prices have risen so far, so fast that even a modest apartment is now beyond the means of the vast majority of first-time buyers.

Wednesday, 3 April, 2013, 3:28am 3 comments

Shanghai property transactions hit 3-year high new despite curbs

Residential blocks in Shanghai. Photo: AFP

The volume of Shanghai flat transactions hit a 40-month high in March, as speculators raced to get ahead of new property market cooling measures announced by the central government, a report said on Monday.

3 Apr 2013 - 2:16am

China home sales set to fall 50pc after new curbs

Average prices of new homes in 100 major cities rose 1.06 per cent month on month in March. Photo: Bloomberg

As of the end of last month, mainland cities such as Beijing, Shanghai, Chongqing, Xiamen, Hefei, Tianjin, Guangzhou and Shenzhen had met a central government deadline on issuing detailed property-cooling measures.

2 Apr 2013 - 6:37am

Beijing is only treating the symptoms, not their cause

Home prices are out of control.

Last week the authorities in several of China's biggest cities slapped a 20 per cent capital gains tax on homeowners who sell their properties.

Their latest attempt to rein in runaway property prices comes just days after regulators launched a new crackdown on China's ballooning shadow banking system.

1 Apr 2013 - 4:04am

Four more cities issue property cooling measures

Shenzhen has tightened rules governing the property market

Shenzhen, Tianjin, Jinan and Hefei have become the latest batch of cities to meet a central government deadline on issuing detailed measures to cool the property market. Tianjin said a 20 per cent capital gains tax would be imposed on second-hand property transactions in the city. However, Shenzhen, Hefei and Jinan did not mention a capital gains tax specifically.

 

2 Apr 2013 - 4:46am

Little hope that latest cooling measures will ease property costs

Major cities have levied a 20 per cent tax on some home sales.

These days, mainlanders and Hongkongers may not see eye to eye on many things - political developments in Hong Kong and even the number of baby formula tins that may be bought, to name two examples. But there is one thing that is sure to rile both sides - property prices soaring far beyond the means of ordinary people.

1 Apr 2013 - 5:32am 3 comments

Big cities announce capital gains tax on second-hand properties

Beijing, Chongqing and Shanghai will levy a 20 per cent capital-gains tax on second-hand property transactions.

Beijing, Chongqing and Shanghai will levy a 20 per cent capital-gains tax on second-hand property transactions.

31 Mar 2013 - 8:01am

K Wah keeps the faith despite curbs

Marinella, a residential joint-venture project by K. Wah International, Sino Land and Nan Fung Development. Photo: Nora Tam

K Wah International, the mid-tier developer, plans to speed up sales of mainland projects to offset the impact of cooling measures on both sides of the border.

28 Mar 2013 - 6:31am

Socam to cash out China projects

Socam Development's Four Seasons Place Pudong in Shanghai. The property developer plans to aggressively cash in its mainland properties.

Property developer and contractor Socam Development will aggressively cash in its mainland properties and pursue opportunities in Hong Kong's expanded building programme for public housing and infrastructure.

28 Mar 2013 - 6:31am

Shanghai secondary sales set for record high in rush to beat levies

Cheung Kong's Justin Chiu with a model of the Zhenru units.

Sales of secondary homes in Shanghai may hit a record high this month as sellers rush to avoid having to pay the 20 per cent capital gains tax flagged by the government earlier this month.

27 Mar 2013 - 5:44am

Chinese embrace natural draw of log cabin holiday retreats

Log homes offer an earthy 'back to nature' comfort not possible in high-rises. They can also withstand earthquakes. Photo: Gastineau Log Homes

Think of log cabins and what comes to mind are charming chalets in the Alps, rustic retreats tucked away in the woods, cosy second homes in Vail and Aspen.

27 Mar 2013 - 6:19am

China's cities narrow gap with West in global survey

Construction in Shanghai is a sign that booming growth is continuing in major cities on the mainland. Photo: Paggie Leung

Cities in China are catching up with their Western counterparts. In Knight Frank's 2013 Global Cities Survey, Shanghai and Beijing power up the rankings, pushing Geneva and Paris down the list.

27 Sep 2013 - 4:17pm

China can afford to let its bubble economy burst

China can afford to let its bubble economy burst

Speculation and corruption have come to dominate China's economy since 2007. The two form a temporary equilibrium to sustain growth, though at increasingly low efficiency, as reflected in the rising inflationary tendency of the economy.

25 Mar 2013 - 2:37am 2 comments

Flat owners reject official test results on suspected substandard concrete

Flat owners demonstrate in Shenzhen. Photo: He Huifeng

The Shenzhen Housing and Construction Bureau released a statement on its official website yesterday saying six major property projects in the city, including Jiayu Garden and Ping An International Financial Centre, which at 660 metres will be the city's tallest building when completed, were safe and met national standards for concrete.

24 Mar 2013 - 5:57am

Property developers raise targets for sales by up to 30pc

Shares in property firms Country Garden, Fantasia and Powerlong Real Estate were all up yesterday as the firms announced plans to increase their sales in 2013. Photo: Reuters

Country Garden is aiming for growth of 30 per cent in contract sales this year, and is banking on increasing urbanisation on the mainland and demand from end-users to achieve that goal.

20 Mar 2013 - 4:35am