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 office rent market slowing down

A moderate upward trend for Beijing office rents is forecast for the next few years. Photo: Bloomberg

Beijing's market for premium office space, which has seen an acceleration in prices and rents over the past three years, is slowing down, but sustained demand and limited supply is expected to raise the overall rental level in the city over the next couple of years.

Wednesday, 6 March, 2013, 4:40am

News of home sale tax prompts rise in weekend transactions

Buyers and sellers rush to a transaction centre  in Shanghai to complete deals after a new capital gains tax on home sales is announced. Photo: Xinhua

New measures announced last week to cool China’s residential property market triggered a surge in transactions in major cities over the weekend.

5 Mar 2013 - 6:10pm

Investors dump developers on renewed curbs in China

Hui Wing-mau

Renewed tightening measures by the central government to curb the real estate sector hit both mainland and Hong Kong markets yesterday as investors rushed to clear their positions on fears that the new policies could choke off sales.

5 Mar 2013 - 5:10am

Beijing creates a generation of housing slaves

A 1,076 sq ft flat on the mainland today costs about 40 years' income, data shows. Photo: Bloomberg

Mainland media have dubbed a generation of middle class "fang nu", or housing slaves, a reference to the lifetime of work they needed to pay off their debts. They are taking on mortgages even as Beijing maintains property curbs to damp prices that have almost tripled since the mainland embarked in 1998 on a drive to increase private home ownership.

27 Feb 2013 - 5:04am

Mainland property cooling measures possible if home prices rise

In Shanghai, the average price of a flat stood at 27,655 yuan per square metre last month. Photo: Bloomberg

Data from the China Index Academy shows that the average price of a new home in 100 major cities recorded an eighth successive month-on-month rise in January, to 9,812 yuan (HK$12,190) per square metre, up 0.03 per cent from December.

18 Feb 2013 - 2:25pm

Real estate services: time to buy?

New high rises under construction in the Wangjing district of Beijing. New stability and waning uncertainties have been steadily boosting transaction volumes in China's real estate market. Photo: EPA

After showing early signs of a pickup last fall, online real estate services firm Soufun is sending even stronger signals that springtime may indeed be coming for companies that make their money from buying and selling activity in the property market.

14 Feb 2013 - 1:54pm

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.

2 Feb 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