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.

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.

Wednesday, 27 November, 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 1 comment

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

China property tax may hit Beijing, Hangzhou, Guangzhou next: Shimao

A trial property tax hit Shanghai two years ago. Photo: Bloomberg

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

Developers 'under no pressure' over IPOs

Former CSRC chairman Guo Shuqing. Photo: Simon Song

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

China Vanke chair Wang Shi again warns of China housing bubble

China Vanke has 98 per cent of its investments in the mainland but plans to have some 20 per cent overseas. Photo: Bloomberg

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 readies more curbs as prices resist policies

Beijing readies more curbs as prices resist policies

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' re-emerge in Chinese buying spree

Prospective buyers inspect a model of a development at an exhibition in Beijing. Photo: Xinhua

"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

China's cooling measures not working

Prices in the 10 biggest cities reached 17,202 yuan per square metre, growing 1.05 per cent from April. Photo: EPA

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

Hongkongers looking for a better lifestyle flock to Shenzhen

This new residential complex in Dongguan is nicknamed 'Little Hong Kong' because of its many Hong Kong residents. Photo: SCMP

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

Shanghai site fetches year high of 4.6b yuan

Mainland developers' appetite for development sites is growing. Photo: Bloomberg

Mainland developers' appetite for development sites is growing, with Beijing Fu Run Tian Cheng yesterday paying the highest amount in Shanghai, .4.6 billion yuan (HK$5.83 billion), for a commercial and residential site.

30 May 2013 - 3:13am

New Macau law to affect pre-sale supply

Sniper Capital's Joao Afonso, who manages The Fountainside project, is confident about sales over the next two years. Photo: Paggie Leung

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.

29 May 2013 - 3:21am

Chongqing presses on with cheap housing

Chongqing presses on with cheap housing

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

China shopping malls to be more profitable than office space: ARA

The number of shopping malls on the mainland may total more than 4,000 by 2015. Photo: SCMP

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