world

The Shanghai municipal government issued new rules Thursday limiting families to one new apartment purchase, as the nation tries to curb property speculation and soaring prices. "One family in Shanghai, whether local or immigrant, can only buy one new home, including a second...
Monetary Authority of Macao Special Administrative Region (SAR) issued on Tuesday "Guidelines on Residential Mortgage Loans" to banks, in an effort to ensure stable development of residential mortgage lending and sustainable development of real estate industry. The Guidelines, ...
The Lands Department of Hong Kong Tuesday held the sixth land auction of the 2010/11 financial year, with a government lot at Kowloon Tong sold for 1,285 million HK dollars (165 million U.S. dollars). The auction was conducted at Tsuen Wan Town Hall on Tuesday afternoon. The ...
The man in charge of China's top land watchdog pledged on Friday to continue to carefully manage the availability of building plots in an effort to curb soaring property prices. Xu Shaoshi, the minister of land and resources, said at the ministry's annual working conference in ...
Grade A office rentals are expected to climb by as much as 15 percent this year in Shanghai, with the Puxi area continuing to outperform Pudong, a major international real estate services firm predicted yesterday. Office rents in Puxi may rise 15 percent over the next 12 months ...
Shanghai's existing housing index rose for the fourth consecutive month in December amid recovering sentiment among home buyers. The index, which monitors price fluctuations of existing homes across the city, gained 8 points, or 0.33 percent, to 2,566, the Shanghai Existing House ...
About1.73 million square meters of villas, including stand-alone homes and townhouses, were sold in Shanghai last year, with Pudong New Area registering the largest volume, an industry report showed yesterday. Among the 7,625 new villas sold last year, 2,016 units were in Pudong, ...
The supply of land designated for new residential development, excluding plots for the affordable housing program, plunged significantly in Shanghai last year, real estate website Soufun.com said yesterday. A total of 54 land plots, or 3.84 million square meters, were released to ...
China Vanke Co yesterday said its sales in 2010 topped 108.2 billion yuan (US$16.4 billion) spread over a total floor area of 8.98 million square meters, the firm said in a filing to the Shenzhen Stock Exchange yesterday. In December, the company's sales rose 51.3 percent to 8.35 ...
China may impose a property tax soon, to try and curb soaring property prices, China Business News reported on Tuesday. The newspaper cited an unidentified source who provided detailed information of the property tax. "The tax will be from 0.8 percent to 20 percent of the market ...
On the first day of 2011, Nancy Ling, a senior marketing and communications manager at a Fortune 500 company operating in China, made the same New Year's resolution as last year. She would buy a small apartment in, she hoped, not too rural an area of Shanghai. Ling, 30, admitted ...
The average price of new homes soared to a record high in Shanghai during the last month of 2010 amid strong sentiment among buyers particularly for mid- to high-end properties. New homes, excluding those designated for relocated residents under urban redevelopment plans, were ...
A total of 207 billion yuan ($31.4 billion) worth of residential properties were traded in Shanghai in 2010, or 2.60 million yuan per unit, despite the central government's efforts to cool the housing market, analysts have said. There were 79,744 units of apartments traded in ...
The new year may be tough on people who plan to buy homes and those who already bought homes using bank loans, as China is very likely to announce new interest rate hikes this year after two increases in 2010, which will add to the financial burdens of home buyers. "I thought I ...
China's central government will strengthen its campaign to control soaring housing prices in 2011, a senior official said on Wednesday. Minister of Housing and Urban-Rural Development Jiang Weixin told a national work conference that the government will increase the regulation of ...
Two pieces of residential land in Shanghai's northwest Jiading District were re-auctioned yesterday at lower prices after the previously successful bidders gave them up as they were cash-strapped. Greenland Group paid 1.93 billion yuan (US$292 million) for the Zhennan land parcel...
China Thursday published a list of 26 land parcels nationwide that had lain idle for more than two years. Five residential projects in Shanghai's Songjiang and Minhang districts, are on the list, the Ministry of Land and Resources said yesterday. The 26 parcels cover a total area ...
An unidentified individual Wednesday paid 121 million yuan (US$18.3 million) to buy the 57th floor of an office building in Jing'an District, making it the most expensive office in Shanghai. The buyer paid 100,372 yuan per square meter for 1,205.52 square meters on the top floor ...
China will enhance regulating its property market in 2011 and strengthen implementation of the tightening measures already unveiled by the government, a senior official said Wednesday. Jiang Weixin, minister of Housing and Urban-Rural Development, said at a national work ...
Local governments' excessive reliance on land-sale revenues will not only catapult already-prohibitive house prices to new highs, but also dissuade industrial entrepreneurs from expanding production, and lead them to speculate on property to make fast money, said experts. At a ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
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Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...