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Realtors turn to smaller cities for growth: International institutional investors and domestic developers are strengthening their exploration into China's second- and third-tier cities as the comparatively lower price and the quickened urbanization process offer them lower risks amid continuous tightening real estate ...

Rebound spurs talk of new curbs: Expectations of further policy curbs aimed at the real estate market are gaining ground after property transactions in most Chinese cities rebounded strongly this month even as home prices continued to remain high. Statistics issued by the China Index Academy have shown that ...

Most Chinese say property prices too high: Most Chinese say property prices are "too high to accept" despite government measures to cool the sector, according to a central bank survey made public Sunday. Among Chinese households, 72.2 percent thought property prices are too expensive, up 7 percentage points from one year ...

Zendai denies payment problems: Hong Kong-listed developer Shanghai Zendai Property Co Ltd, which made history in February by bidding a record-breaking price for a tract of real estate near the Bund, denied reports on Tuesday that the company failed to meet Tuesday's deadline for the second and final installmen...

China company to carry out housing project in Fiji: The China First Railway Company will carry out the works on a housing project here through a soft loan worth of 26.1 million U.S. dollars from the Chinese government. The Fiji Government aims to ensure that all citizens have access to affordable and quality housing and this would ...

China's property prices rise 9.3% in August: Property prices in 70 major Chinese cities rose 9.3 percent in August year on year but were unchanged on a month-on-month basis from July, China's National Bureau of Statistics (NBS) said Friday. The year-on-year growth rate was one percentage point lower than the year-on-year ...

Zhongkun revives resort project: Zhongkun Investment Group, a Beijing-based tourism and commercial property developer, plans to restart construction of a resort in the United States. "We think now is a good time to kick off our project in Nashville, Tennessee due to lower costs(following) the global financial ...

Housing policies still fall short of expectations: Five months after the government went on the attack, its policies are still failing to address the ever-rising housing prices. Transaction volumes have picked up in four of China's most important cities: Beijing, Guangzhou, Shanghai and Shenzhen. "The transaction volume is ...

Record price hit for Shanghai residential site: Zhuoguang Holding Co Ltd paid a record 4.83 billion yuan ($711 million), or 35,490 yuan per square meter, for a parcel of land in Shanghai on Wednesday, and set a new high for domestic properties. Zhuoguang Holding Co, a subsidiary of Hong Kong-listed The Wharf (Holdings) Ltd, ...

'House-sitters' beat empty flats probe: There's a hot new job known as the "vacant-house sitter," in which a representative for the property owner deals with vacant-property surveys, meter-readers and property management agencies, the Beijing Morning Post reported. The Beijing Municipal Bureau of Statistics announced ...

Beijing to investigate vacant properties: Some online advertisements for housekeeping services, specifically services for vacant dwellings, have appeared in Beijing since the local government announced its plan to investigate vacant dwellings in the city. Vacant dwellings are defined as dwellings that have been sold but ...

Beijing first-home buyers average age 27: The average age of Beijing's first-home buyers is 27, while in Japan and Germany it is 42, and the United States, 30, according to a jointly published report by the Research Center of Homelink Real Estate and GuangDa Bank. The report also concludes the average age of Beijing home ...

Housing prices show sign of a fall: The real estate sector has finally shown a dip four months after the government launched tightening policies. Housing prices in Beijing Tongzhou District fell to 16,000 yuan ($2350.62), down nearly 10,000 yuan ($1469.14) per square meter, according to recent reports. The People's ...

Prices for Shanghai's existing homes in 3rd monthly fall: Shanghai's existing house index fell for the third consecutive month in August but recovering buyer momentum was detected. The index, which monitors price fluctuations of existing homes across the city, lost 8 points, or 0.31 percent, from July to 2,543 last month, the Shanghai ...

New homes launched for sale: New homes in 48 projects, most located in the city and some in neighboring areas, are due to be released this month as the traditionally high season for home purchases began. Some 60 percent of the new supply, comprising one villa development and 47 apartment projects, are in ...

Banking regulator to curb speculative property investment: China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday. Ye Yanfei, deputy head of the Statistics Department of the China Banking Regulatory Commission (CBRC), said the ...

Changes aimed at cooling the flow of 'hot money': Foreign institutions with a presence in China will only be allowed to buy commercial property for their own use and it must be in the city in which they are registered. According to Shenzhen-based Securities Times, the government is about to make the move to prevent the influx of ...

High CPI may prompt rush for property: China's high consumer price index (CPI) in October may prompt people to buy property as a hedge against inflation risks, thus preventing a decline in prices despite government measures to soak up liquidity and curb real estate price growth, industry analysts said. An increase in ...

Chinese real estate giants' debt ratio soars: A survey of China's 60 real-estate giants has found the debt ratio of nearly one-third soared to a dangerous level, the China Securities Journal reported on Wednesday. An unnamed source told the paper that regulators recently concluded a survey on those real estate conglomerates ...

Govt plans tougher real estate rules: The Chinese government is proposing a direct intervention measure to further regulate soaring property prices, Shenzhen-based Securities Times reported Tuesday. The not-yet-announced measure will enable provincial-level departments to control the prices of commercial residential ...

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