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Overseas properties open windows

Chinese mainlanders are emerging as important clients for overseas property sellers as their growing enthusiasm for houses and their rising purchasing power offer an antidote to depressed real estate markets overseas. The Chinese have reasons beyond simple investment. For many, ...

Hike for first-time buyers

First-time home buyers in China who apply to the public housing fund could be expected to put down a deposit of 30 percent, under a new government notice. If the home is 90 square metres or less, the new buyer should provide a down- payment of at least 20 percent, according to a ...

China to ban Public Housing Fund mortgage for 3rd home buyers

China's Ministry of Housing and Urban-Rural Development announced Wednesday it will block the Public Housing Fund (PHF) mortgage for third home buyers, a move to further curb property speculation. The announcement was made in a circular jointly issued by the Ministry of Housing ...

Clampdown on illegal practices in Shanghai home presale

Shanghai is to crack down on illegal activities involving the presale of new homes by real estate developers and brokerage agencies with citywide inspections. This is the latest effort by local government to protect home buyers and further regulate the housing market. Residential ...

New home prices climb 3.1%

New home prices climbed for the fourth consecutive month in Shanghai in October amid unabated interest among buyers of upscale properties although the latest rein-in policies released by the government have started to curb sentiment for less expensive apartments. In the past ...

Chinese home buyers heading overseas

Individual Chinese investors are quickening their expansion into the overseas property market as tightening measures on the sector at home continue to restrict their opportunities. So far, 13 local governments have rolled out policies to restrict the number of homes that a family ...

Realty firm eyes Chinese demand

Global realty company Colliers International opened a division in Shanghai on Monday, amid mounting restrictions on property purchases in major Chinese cities that have driven the country's nouveau riche to look overseas for investment opportunities. "We see a growing number of ...

China raises Public Housing Fund mortgage rates

China's Ministry of Housing and Urban-Rural Development announced it would raise the Public Housing Fund (PHF) mortgage rates for home buyers beginning Wednesday. Rate for loans with a maturity of five years or less under the PHF scheme would be raised from 3.33 percent to 3.5 ...

Housing market hit by new rules

Property sales have seen a sharp drop and there's been an increase in the number of cancellations of home orders in Chinese cities that have introduced regulations to limit purchases of property. Dalian, in Liaoning province, is the latest to join in this move to control the ...

14 cities impose restrictions on home purchase

The coastal city Dalian in northeast China Tuesday imposed a new limit on home purchases in the city, the 14th and the latest Chinese city to implement such measures. Second-home purchases are temporarily suspended for families who have residency status in the city, while migrant ...

New CSRC rules govern industry refinancing

New rules from the China Securities Regulatory Commission (CSRC) mean real estate companies will have to seek approval from the Ministry of Land and Resources before refinancing, the China Securities Journal reported on Friday. Refinancing projects for companies in other ...

Property prices in major cities up 9.1% in Sep

Property prices in 70 major Chinese cities rose 9.1 percent year on year in September, the slowest growth rate this year, the National Bureau of Statistics (NBS) said Friday. The rate was down 0.2 percentage points from the 9.3-percent growth rate in August, a statement on the ...

Housing market major concerns for bankers

Chinese bankers see the risks of falling housing prices and the outstanding loans to local governments via financing platforms as two of their major concerns, according to the Chinese Bankers Survey Report 2010 released Thursday. About 72 percent of Chinese bankers said the risk ...

Housing fund loans may be hard to get

Authorities in Shanghai have temporarily stopped the city's public housing fund from making some loans to home buyers, in an effort to cool the city's housing market. The Shanghai Provident Fund Management Center said the fund will no longer extend loans to second-home buyers if ...

Shanghai unveils more lending limits

Authorities in Shanghai, China's financial and business center, temporarily stopped the city's public housing fund from making some loans to homebuyers Wednesday, in an effort to cool the city's housing market. The Shanghai Municipal Public Housing Administration Center said the ...

Property prices set to decline, S&P says

China's real estate developers are likely to struggle over the next 12 months, with property prices in larger cities decreasing by as much as 10 percent. That's according to a report released by Standard & Poor's on Monday. Recent government regulations, aimed at curbing ...

China sees 90% of low-income housing projects

China's housing authority said Tuesday that up to 90 percent of this year' s planned low-income housing and shantytown renovation projects in China have been started during the first nine months of 2010. According to a statement posted on the website of the Ministry of Housing ...

HK government sells land for record price in 8th auction this year

Hong Kong's Lands Department on Tuesday succeeded in bringing the government 1.63 billion HK dollars of income in its eighth public land auction this year from selling a government lot in Kowloon Tong. The final sale price of the lot, which is 54.8 percent higher than the opening ...

Vanke sales surge in September

China Vanke Co, the nation's biggest listed property developer, recorded a monthly sales record of 14.2 billion yuan ($22.1 billion) in September, 160 percent up from a year ago, according to its statement filed with Shenzhen Stock Exchange. Its September sales by floor space ...

Property market fails to fizz in China's Golden Week

The National Day holiday, which often witnesses the annual peak time for property sales in China, failed to see the market rebound as the State's property price-cooling policies yield effect. Figures from the Beijing Real Estate Trade Management Network show only 116 homes were ...
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company

industry

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trade

sports

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