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.

Kaisa sales target at risk amid questions over ban on project sales

Kaisa says it does not know why sales at some of its Shenzhen projects have been blocked. Photo: Reuters

Shares of mainland developer Kaisa Group fell the most in three and a half years after it confirmed the government's ban on selling its three projects in Shenzhen and announced a stake reduction by the founding family.

Friday, 5 December, 2014, 6:41am

Property deal sees AVIC International shares slide in Hong Kong

AVIC International plans to complete a residential development in Chongqing by 2018. Photo: K.Y. Cheng

AVIC International Holdings (HK)’s stock price slid on Monday morning on its planned acquisition of HK$326 million in commercial and residential property assets from parent AVIC International Holding Corporation.

1 Dec 2014 - 12:02pm

China Aoyuan sells stake in Panyu project

Mainland developers are disposing of assets due to tightening credit conditions. Photo: Reuters

Tightening credit conditions on the mainland have prompted developers to dispose of assets, with China Aoyuan Property announcing the proposed sale of a 46 per cent stake in its property project in Panyu to a mainland life insurance company.

1 Dec 2014 - 10:31am

Sunac China considering termination of Greentown China acquisition

Sunac China listed in Hong Kong in October 2010. Photo: Jonathan Wong

Developer Sunac China is considering terminating a 24 per cent acquisition of Greentown China, it said on Monday morning.

In May, the home builder said it would pay HK$6.3 billion for a 24.3 per cent stake in Greentown. However, in late November, Sunac said it was considering a revision to the original deal after the founder of Greentown expressed a desire not to sell.

1 Dec 2014 - 9:32am

China home prices drop again in October

High levels of inventory and tight liquidity are expected to force developers to offer promotions or discounts to speed up sales. Photo: Reuters

Mainland home prices fell more slowly for a second straight month in October, official data showed yesterday, but analysts do not expect prices to rise in the next few months because developers remain under pressure to sell down record inventories.

19 Nov 2014 - 11:29am

Time to plan for Hong Kong’s stepped-up integration with Pearl River Delta

Hong Kong's future looks destined to be part of the wider southern China region. Photo: Bloomberg

After becoming a special administrative region 17 years ago, Hong Kong is now a key gateway for Chinese capital. Investors and corporate occupiers have been deploying smart money in the city.

29 Oct 2014 - 4:52am 1 comment

China's property story still goes on despite easing of curbs

If property markets in Shanghai or Beijing begin to show signs of a crash, that will also be a sign of a downtrend in the mainland economy.

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.

4 Aug 2014 - 7:52am 2 comments

China should not be too quick to ease capital controls, economist says

With capital controls and poor returns in the real economy, mainlanders have few alternatives to property as an investment. Photo: Reuters

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

As Centaline China matures, it is taking a leading market share in new cities

Centaline Property Agency in Hong Kong was able to generate a profit last year, but its stablemate Ricacorp Properties recorded a loss. Photo: Alex Lo

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

As China drafts property tax law, fate of pilot programme up in the air

A trial property tax in Shanghai has failed to cool down home prices. Photo: Xinhua

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

Cooling measures fail to hold down home prices in top-tier cities

Buyers look at models of new residential developments for sale in Beijing. Home prices in Beijing and three other major cities rose more than 20 per cent in November. Photo: EPA

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 in push for homes database across China

Lack of a nationwide housing census means it has been hard to gauge real demand for homes. Photo: AFP

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

China property investment slips 12.5pc in second quarter

In China, total land transactions dropped 15.7 per cent quarter-on-quarter to US$22.83 billion. Photo: Reuters

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

China land prices return to record path despite government cooling measures

A residential site in Sunhe, known as the "central villa district" in Beijing, was sold at a record price this week. Photo: EPA

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

Home price rises bring in fears of fresh curbs

New home prices rose month on month in 65 out of 70 cities.

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