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 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.Wednesday, 12 December, 2012, 2:58am
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
A Zhejiang court has ruled in favour of Wu Ying, a self-made billionaire convicted of defrauding investors in a 770 million yuan (HK$950.38 million) scheme, in relation to the unauthorised sale of some of her properties. The victory in the civil case is likely to help her repay the money owed to depositors.1 Dec 2012 - 3:07am
Beijing's statistics chief says people will be "more confident" about the nation's fourth-quarter economic growth with the release of October data today.
Ma Jiantang, speaking before the 18th party congress, did not elaborate, but Yi Gang, deputy governor of the People's Bank of China, said the fourth-quarter performance would be "relatively good".9 Nov 2012 - 3:59am
The Hangzhou local government has imposed new measures in an attempt to keep the lid on record-high prices paid for land sites and aid Beijing in its efforts to cool the property market.18 Oct 2012 - 4:47am
If you have no idea where Huzhou is, take a look on Google Maps and you will see it is a city in the northern part of the eastern province of Zhejiang.3 Oct 2012 - 4:37am