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.
The flow of shoppers from Shenzhen to Hong Kong is slowing as more international fast-fashion chains open for business in the border city.Wednesday, 17 April, 2013, 5:31am
Mainland developers are expected to benefit from the 20 per cent capital gains tax on second-hand homes, which has been in force since the beginning of this month.
Homebuyers would now tend to turn to the primary market, property consultants said.15 Apr 2013 - 3:43am 1 comment
Local branches of the National Development and Reform Commission were sent notices this month instructing them to complete the checks by the end of April, said the people, who asked not to be identified because they weren't authorised to speak publicly about the investigation.12 Apr 2013 - 5:43am
A week after most mainland cities announced details of the latest round of State Council-ordered cooling measures, home sales in the secondary market across the country plunged as much as 90 per cent.11 Apr 2013 - 5:07am
Flat owners of Shenzhen's Jiayu Garden, who suspect that the developer had used cheap sea sand in the concrete, are shocked to learn that a sample from their block barely passed Hong Kong's standard for chloride ions.11 Apr 2013 - 5:44am 1 comment
Home sales in Shanghai have been hit by policy measures aimed at curbing demand, not by fears of another widespread outbreak of a new strain of bird flu, property consultants said.10 Apr 2013 - 5:47am
Global brands have scaled back their expansion plans on the mainland due to slowing growth in retail sales.10 Apr 2013 - 5:47am
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.3 Apr 2013 - 3:28am 3 comments
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
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