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 Shenzhen Housing and Construction Bureau released a statement on its official website yesterday saying six major property projects in the city, including Jiayu Garden and Ping An International Financial Centre, which at 660 metres will be the city's tallest building when completed, were safe and met national standards for concrete.Sunday, 24 March, 2013, 5:57am
Country Garden is aiming for growth of 30 per cent in contract sales this year, and is banking on increasing urbanisation on the mainland and demand from end-users to achieve that goal.20 Mar 2013 - 4:35am
Prices of new homes on the mainland continue to climb, with nearly all 70 cities the government tracks recording a month-on-month price growth in February, testing the new leadership's ability to curb prices while stimulating economic growth.19 Mar 2013 - 4:19am
The mainland's new leaders are inheriting a challenge that stymied the outgoing government: deflating a bubble in big-city home prices without dampening economic growth.16 Mar 2013 - 3:32am
Wen Jiabao bowed out of political life yesterday, formally handing the premiership to Li Keqiang after 10 years in the job.
Li became the new premier after a ceremonial election at the rubber-stamp National People’s Congress, being chosen by 2,940 deputies and opposed by only three.17 Mar 2013 - 7:41am
Days after China’s State Council introduced a 20 per cent capital gains tax on home sale profits, Shenzhen announced even tougher measures for new flats.13 Mar 2013 - 10:13pm 3 comments
As of last month, the national average home price hit a record high of 6,637 yuan (HK$8,229) per square metre, an increase of 21 per cent year-on-year, according to data from the National Bureau of Statistics.13 Mar 2013 - 5:06am
Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.13 Mar 2013 - 5:07am
One of the curiosities of Hong Kong business is that although women do relatively well in terms occupying senior business management roles, they do significantly less well at making it into the boardroom. According to a recent Grant Thornton International survey, Hong Kong women come sixth in worldwide rankings and occupy 30 per cent of senior management roles.12 Mar 2013 - 4:34am 1 comment
The mainland's property curbs in the past decade have been unsuccessful, but the new round of measures will slow property sales, said Vincent Lo Hong-sui, a member of the Chinese People's Political Consultative Conference.8 Mar 2013 - 5:38am