Home prices | South China Morning Post
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  • Jan 31, 2015
  • Updated: 4:22pm

Home prices

Price growth of China new homes slows further

Prices of new homes continued to increase on the mainland last month but at a slower average pace of 11.1 per cent, compared with 12.4 per cent in January. Photo: Bloomberg

The mainland's housing price inflation eased last month for a second consecutive month as tighter credit weighed on home-buying sentiment and added to pressure on developers to cut prices before it is too late.

Wednesday, 19 March, 2014, 5:07am

Buyers, sellers in Beijing stay on sidelines

Would-be buyers and sellers of homes in Beijing are awaiting word on property market policy from the annual parliamentary session. Photo: Reuters

As the nation's leaders gather in Beijing this week for the annual parliamentary meeting, buyers and sellers of homes in the capital will hold their breath and read between the lines of official pronouncements for policy implications for the bubbly real estate market.

5 Mar 2014 - 5:06am

Getting a flat in new affordable housing project in Beijing like winning a lottery

While the supply of subsidised homes in Beijing is increasing, some say this will result in higher land costs that will flow through to the broader housing market. Photo: Reuters

It's like a lucky draw. More than 140,000 families are lining up for only 2,000 flats on sale in Beijing's first "self-use commercial home" project along the southeastern part of the capital's fifth ring road - about half an hour's drive to the nearest central business district.

26 Feb 2014 - 5:17am

China's housing curbs begin to bite

The housing market is said to be showing signs of stabilisation as measures to rein in prices work through the system. Photo: Reuters

The mainland's housing inflation eased last month, as banks tightened rules on property loans, forcing some developers to cut prices in the latest sign that government measures have started to take some heat out of the market.

25 Feb 2014 - 1:02am

Cooling measures fail to hold down home prices in top-tier cities

Buyers look at models of new residential developments for sale in Beijing. Home prices in Beijing and three other major cities rose more than 20 per cent in November. Photo: EPA

Home prices in the mainland's top-tier cities will keep rising on strong demand, and local governments will be cautious in taking any further tightening measures so as not to crush the market, analysts said.

17 Jan 2014 - 4:39am

Record land sales revenues leave local governments worried about further property curbs

The influx of people into Beijing creates an annual demand of 120,000 homes, CBRE estimates. Photo: Reuters

Record revenues from land sales last year were a mixed blessing for heavily indebted local governments on the mainland.

They worry the central government will be provoked to launch a fresh round of curbs to prevent overheating of the property market.

10 Jan 2014 - 4:02pm

Tax reforms long overdue

Around half the people in Hong Kong do not own their home, this group consisting mainly of the young and the less well off, who are further burdened by high rents and high property prices. Photo: Bloomberg

The middle class and our youth are effectively paying the highest taxes. The government prefers to generate revenue from selling land for high prices, which further drives up property prices. This will only shift wealth from the middle class further to landlords, the rich, including property developers; worsening the wealth gap.

9 Jun 2013 - 2:40am 1 comment

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

'White form' applicants push up flat prices of HOS and public housing

5,000 balloted  'white form' applicants for the new system now have six months to buy HOS flats on the resale market from this month.

Chief Executive Leung Chun-ying announced in July last year that 5,000 "white form" applicants for HOS flats - prospective buyers of subsidised units currently living in private flats and who do not receive a housing subsidy - would be able to buy second-hand HOS flats without paying a land premium.

5 Jun 2013 - 4:40am

London luxury market takes a hit

A jogger on Wandsworth Bridge in London, where prices stumbled last month, particularly in the high-end market. Photo: Bloomberg

Luxury homes in central London had the smallest annual increase last month since December 2009 on a decline in the Knightsbridge area, the site of Christian Candy's One Hyde Park complex, Knight Frank said.

5 Jun 2013 - 4:40am

Sales of second-hand flats in Hong Kong decline

Ten of 33 sales on big Hong Kong Island housing estates last week were at Taikoo Shing. Photo: Robert Ng

During the week ended May 26, a total of 178 second-hand flats were sold in the 50 largest private housing estates monitored by Ricacorp Properties, down from 180 sales the previous week.

29 May 2013 - 3:21am

Housing is becoming less affordable in Vancouver and Toronto, bank says

Vancouver remains the least affordable city to buy a house in Canada. Photo: Bloomberg

The costs of owning a detached bungalow in Vancouver take up 82.3 per cent of a typical household's income, up 0.1 percentage points from the previous quarter.

29 May 2013 - 3:21am

Prospect of property slump adds to risk

Prospect of property slump adds to risk

Rising property values have increased our equity in our Hong Kong home. We are thinking of increasing our current home mortgage to buy a property in Britain or Canada. We are in our mid-50s and plan to repay the loan from the sale of our Wan Chai investment flat when we retire at 65. This flat is mortgaged to about 70 per cent of its value. What do you think?

20 May 2013 - 4:18am

Capital gains tax on second-home transactions hits property prices

In Shenzhen, prices rose an average of 0.8 per cent compared with 2.3 per cent in March. Photo: Edward Wong

On average, prices rose 0.61 per cent, against 0.65 per cent in March. But on a year-on-year basis, average new-home prices rose 4.9 per cent in April, according to a Reuters calculation based on bureau data - higher than the year-on-year increase of 3.6 per cent recorded in March.

19 May 2013 - 6:13am

Market changes call for stamp duty alternative

The current Buyers Stamp Duty is effective in a rising market, whereas cooling prices require a different approach. Photo: Bloomberg

The current Buyers Stamp Duty (BSD) is only really effective in a rising market and a more equitable form of tax such as a Capital Gains Tax (CGT) now needs to be planned for and implemented as a replacement as the market corrects.

15 May 2013 - 3:06am 1 comment