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 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.Friday, 11 April, 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
Mainland property developers have no immediate capital pressures despite their withdrawal from initial public offerings in the A-share market, analysts said yesterday.
They said the developers' liquidity position remained strong, bolstered by property sales and funds raised through bond issues.8 Jun 2013 - 3:39am
The bubble is not "light", Wang said at a conference in Shanghai yesterday. "If the bubble lasts, it will be dangerous." Home prices have been increasing even as the government in March stepped up a three-year campaign to cool the market.7 Jun 2013 - 3:46am
Beijing, which already has the mainland's strictest property curbs, is being forced to take additional steps to contain surging home prices as demands for record-high deposits fail to deter buyers.5 Jun 2013 - 4:05am
"Land kings" refers to a term for land transactions at record prices. Bigger and smaller players are entering the fray, added Alan Jin, an analyst at Mizuho Securities.5 Jun 2013 - 4:40am
The price of new homes in 100 cities rose 0.81 per cent from April to 10,180 yuan (HK$12,900) per square metre, 6.9 per cent higher than a year earlier, according to the China Index Academy.4 Jun 2013 - 4:45am
As friction continues between sections of Hong Kong's indigenous population - if there is such a thing - and the mainlanders they see as taking over their patch, there's another, less well-known migratory pattern taking place. It's in the opposite direction in search of what you might call "perfect otherness".3 Jun 2013 - 10:22am 4 comments