• Sat
  • Nov 22, 2014
  • Updated: 10:56am

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 cities narrow gap with West in global survey

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.

Friday, 27 September, 2013, 4:17pm

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

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

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

Curbs fail to slow China home costs

Prices of new homes on the mainland continue to climb, with nearly all 70 cities the government tracks recording a month-on-month price growth in February, testing the new leadership's ability to curb prices while stimulating economic growth.

19 Mar 2013 - 4:19am

The cooling conundrum

The mainland's new leaders are inheriting a challenge that stymied the outgoing government: deflating a bubble in big-city home prices without dampening economic growth.

16 Mar 2013 - 3:32am

Wen Jiabao bows out after 10 years as premier

Wen Jiabao bowed out of political life yesterday, formally handing the premiership to Li Keqiang after 10 years in the job.

Li became the new premier after a ceremonial election at the rubber-stamp National People’s Congress, being chosen by 2,940 deputies and opposed by only three.

17 Mar 2013 - 7:41am

Shenzhen announces tougher measures for new flats

Days after China’s State Council introduced a 20 per cent capital gains tax on home sale profits, Shenzhen announced even tougher measures for new flats. 

13 Mar 2013 - 10:13pm 3 comments

Mainland China home prices hit record high last month

As of last month, the national average home price hit a record high of 6,637 yuan (HK$8,229) per square metre, an increase of 21 per cent year-on-year, according to data from the National Bureau of Statistics.

13 Mar 2013 - 5:06am

Qianhai a potential investment alternative to Hong Kong

Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.

13 Mar 2013 - 5:07am

Women in the boardroom are good for business

One of the curiosities of Hong Kong business is that although women do relatively well in terms occupying senior business management roles, they do significantly less well at making it into the boardroom. According to a recent Grant Thornton International survey, Hong Kong women come sixth in worldwide rankings and occupy 30 per cent of senior management roles.

12 Mar 2013 - 4:34am 1 comment

Cooling policies to slow home sales

The mainland's property curbs in the past decade have been unsuccessful, but the new round of measures will slow property sales, said Vincent Lo Hong-sui, a member of the Chinese People's Political Consultative Conference.

8 Mar 2013 - 5:38am

Cheung Kong aims for record HK$40b homes sales this year

Bucking the trend of its major rivals which are scaling back their sales targets, Cheung Kong said it would be making more than 5,200 Hong Kong flats and 2,500 mainland units available for sale this year, also a record high.

7 Mar 2013 - 6:12am

How a new tax breaks up marriages on the mainland

Mainland couples are flocking to divorce to avoid a new property sales tax imposed by the government, after it left open a loophole for those who end their marriages.

7 Mar 2013 - 6:12am

Chinese couples divorce to avoid property tax

China’s central government last Friday issued rules to rein in house prices, including a nationwide capital gains tax of 20 per cent on profits owners make from selling residential property.

7 Mar 2013 - 1:06am