• Fri
  • Dec 19, 2014
  • Updated: 5:18am

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.

China puts property tax on hold

Shanghai introduced property taxes in 2011 under the direction of the central government, in a bid to cool housing prices. Photo: Bloomberg

The expansion of the pilot property tax programme on the mainland has been deferred, the official China Securities Journal reported yesterday.

Saturday, 2 February, 2013, 5:15am 1 comment

Low property taxes fail to curb rise in home prices in Shanghai, Chongqing

Shanghai home prices rose by over 7 per cent last year despite property taxes levied by the municipal government. Photo: Reuters

Municipal governments of Shanghai and Chongqing imposed the taxes early in 2011 to cool the market, but in Shanghai prices rose by over 7 per cent last year and in Chongqing prices recovered from a lull in 2011 to surge by 6 to 8 per cent in the second half of last year.

30 Jan 2013 - 4:07am

Shanxi investigates disciplinary official for double hukou

Zhang Yan's two hukou permits; the one below, listed under the pseudonym "Dong Yan". Photo: SCMP Pictures

Zhang Yan, an official with Yuncheng city’s Commission for Discipline Inspection, was found to have illegally registered more than one household registration permits.

29 Jan 2013 - 2:10pm

Ex-bank official buys properties worth 1b yuan using fake ID

The state banking watchdog is launching an investigation into a former Shanxi bank official after she was accused of using a double residence loophole to buy properties worth millions of yuan, the Beijing Times reported on Saturday.

5 Feb 2013 - 8:43pm 2 comments

Investors give China Vanke's share plan thumbs up

Visitors check out a real estate exhibition in Qingdao city, in Shandong province. News that China’s biggest property developer was shifting its foreign-currency B-shares sparked a surge in China Vanke shares on Monday. Photo: EPA

Shares of China Vanke rose their 10 per cent daily limit yesterday after the country's largest developer by market value announced plans to move trading of its foreign-currency shares to Hong Kong from Shenzhen.

22 Jan 2013 - 2:37am

Shanghai developers cut sweeteners as sales rise

Shui On Land's Rui Hung Xing Cheng project in Honghou saw sales rise more than 30 per cent last month. Photo: Sandy Li

Shanghai developers are cutting incentives and discounts after a strong rebound in sales in the primary and secondary market.

16 Jan 2013 - 6:06am

Developers rally on talk of delay in expanding property tax

Shanghai was one of the first two cities on the mainland to impose a property tax last year to cool the red-hot market. Photo: Reuters

Mainland property stocks have been buoyed by a senior tax official's comment published yesterday that the nation is likely to postpone the expansion of its trial property tax to more cities.

15 Jan 2013 - 4:15am

Ban not stopping mainlanders from buying more homes

The appetite for property is proving to be insatiable. Photo: EPA

Have a chat with someone on the mainland and eventually the topic will turn to property.

15 Jan 2013 - 4:15am

Both good and bad news in China's property rebound

Both good and bad news in China's property rebound. Photo: Reuters

Last week China Vanke, the country's biggest residential property developer, announced that home sales last month leapt an impressive 140 per cent compared with December 2011.

14 Jan 2013 - 3:01am

Mainland property prices rise again

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New-home prices on the mainland have increased for a seventh month as buyers concerned that prices would surge again boosted sales, SouFun said.

5 Jan 2013 - 7:16am

China house prices rise in December

Flats in Wuhan, Hubei province. China’s home prices recorded their first year-on-year increase in nine months in December. Photo: Reteurs

China’s home prices recorded their first year-on-year increase in nine months in December, an independent survey showed on Friday, but it said a huge rebound nationally was unlikely.

The cost of a new home in 100 major cities averaged 9,715 yuan (US$1,560) per square metre last month, up a marginal 0.03 per cent from December last year, the China Index Academy (CIA) said.

4 Jan 2013 - 1:04pm

Meet the Wuhan millionaire who chooses rags over riches

Yu Youzhen, pictured on the Wuhan Evening News newspaper. Photo: SCMP Pictures

A Wuhan woman who owns property investments worth tens of millions of yuan chooses to spend her days as a street cleaner, in a bid to teach her children the virtues of hard work.

3 Jan 2013 - 2:33pm

Home prices rise steadily in major mainland cities

Home prices rose in 53 of the 70 mainland cities surveyed by the National Bureau of Statistics last month. Photo: EPA

Home prices in major mainland cities rose steadily last month on improved demand, with analysts expecting the recovery to continue next year.

19 Dec 2012 - 2:37am

Mainland demand will grow, says analyst

The mainland housing market will pick up next year, and that will drive the overall economy, said Stephen Green, head of greater China research at Standard Chartered Bank.

12 Dec 2012 - 2:58am

Yuexiu Property chairman Lu Zhifeng bullish on China for 2013

Lu Zhifeng, chairman of Guangzhou's Yuexiu Property. Photo: May Tse

The chairman of Yuexiu Property, a Guangzhou-based developer, believes the mainland property market will improve in the second half of next year.

Lu Zhifeng said he was bullish on the property market in 2013. "The market conditions will remain challenging in the first half but I think the market will improve in the second half," Lu said.

12 Dec 2012 - 2:58am