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 law, which was approved by the Macau Legislative Assembly on May 21, aims to protect buyers by imposing conditions on the sale of unfinished flats and regulating sales procedures.Wednesday, 29 May, 2013, 3:21am
Chongqing's ambitious programme of building affordable housing, launched by its disgraced former chief Bo Xilai, has fallen far short of its targets. Yet the city, which is running a massive fiscal deficit, plans to continue spending billions on the project.25 May 2013 - 4:46am 1 comment
Shopping malls will surpass office and residential space as the most profitable type of property investment on the mainland over the next two to five years, thanks to the nation's booming middle class and its fast-growing income, says ARA Asset Management, a property investment firm partly owned by Li Ka-shing.23 May 2013 - 3:31am 3 comments
In recent months, Premier Li Keqiang has targeted urbanisation as a priority for the economy. Indeed, urbanisation will boost economic growth and create a better living environment for all. In terms of both geographic scope and size of the population, the process in China will break records. What could the consequences be on residential property markets at city levels?22 May 2013 - 2:53am
Transaction volumes in 32 key cities increased by 7 per cent week on week and 21 per cent year on year on average, according to a report from investment bank Jefferies.22 May 2013 - 3:51am
An increasing number of foreign real estate funds and state-owned enterprises - the heavy-hitters in the investment property sales market - are channelling their capital into investment properties in Shanghai.20 May 2013 - 4:18am
On average, prices rose 0.61 per cent, against 0.65 per cent in March. But on a year-on-year basis, average new-home prices rose 4.9 per cent in April, according to a Reuters calculation based on bureau data - higher than the year-on-year increase of 3.6 per cent recorded in March.19 May 2013 - 6:13am
Figures released by the National Bureau of Statistics show residential sales' values jumped 57 per cent year-on-year last month, but were down 13 per cent month-on-month.15 May 2013 - 3:06am
The value of private home sales on the mainland last month dropped 13 per cent on the month to 494.6 billion yuan (HK$624.5 billion) after the authorities imposed measures to curb soaring prices.14 May 2013 - 3:32am
The mainland property market will continue to grow, but at a slower pace, while developers which focus on the mass market will experience strongest growth, Moody's Investors Service said.9 May 2013 - 4:39am
Hong Kong- based investment fund Telok Real Estate Partners is looking to add two more projects to its portfolio in Macau, where it expects home prices to continue rising in the face of a severe supply shortfall over the next two years.8 May 2013 - 2:34am
Mainland home sales plunged last month after local governments fell in line with control measures demanded by Beijing.
But agents and analysts said the impact of the measures was less severe than they had expected, and prices had held firm because some local authorities had not strictly enforced a 20 per cent capital gains tax ordered by the central government.6 May 2013 - 3:34am
Driven by strong demand, average prices of new homes in 100 major mainland cities rose 1 per cent last month from March, extending the run of increases to 11 consecutive months, the China Index Academy said.3 May 2013 - 3:36am
During a recent discussion with business school students at Tsinghua University the question arose as to whether real estate prices would fall if populations began declining. This is certainly likely, yet it is still just one possibility, and the notion that fewer people leads to lower property prices is not always destiny.1 May 2013 - 3:44am 1 comment
The mainland's recent property market cooling measures have perplexed foreign nationals, who wonder what the new rules mean for them. Time for a quick call to Chris Dillon, author of mainland property buying guide Landed China, for an explanation.
Many of the new measures apply only to locals, and those for foreigners are not that complicated, says Dillon.29 Apr 2013 - 3:59am 1 comment