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.
Greentown China Holdings called off the HK$6.3 billion deal it had made with fellow mainland developer Sunac China Holdings in May to sell the latter a 24.3 per cent stake.Saturday, 20 December, 2014, 6:34am
The drop in mainland home prices eased slightly for the third month in November following the government's measures to shore up the property market, but inventories continue to weigh on hopes of an immediate strong recovery.18 Apr 2015 - 6:09pm
Foshan-based businessman Meng Qinghong needed some convincing to return to the housing market after Beijing began clamping down on credit flows to the then-overheated sector, amid other curbs.15 Dec 2014 - 5:33am
For the past decade, land has functioned as a giant piggy bank for China's cash-starved local governments. Unfortunately, the piggy bank is running on empty.15 Dec 2014 - 6:43am 4 comments
Mainland property sales revenue picked up last month after a dip in the previous month, pointing to tentative signs of a recovery following new policy measures to revive the key sector.13 Dec 2014 - 6:44am
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.5 Dec 2014 - 6:41am
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
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
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
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
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
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 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
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