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New regulation designed to cool the surging real estate market China's top housing authority has pledged to punish property developers who deliberately raise housing prices by delaying proposed sales dates - the latest move by the government to cool the red-hot real estate market...
Property prices in some of Beijing's far suburbs, where home costs have seen some of the wildest upward swings, are cooling. The softening prices followed the State Council's introduction of policies aimed at containing surging home prices. Many customers have decided to postpone ...
Recent government measures to stem rising housing prices will change supply and demand to cool market expectations The State Council, the country's Cabinet, rolled out a series of harsh measures over the weekend in the latest bid to curb soaring home prices. In the past year, a ...
The ongoing fall in housing prices and property shares is largely a knee-jerk reaction to recent government moves, which have been branded as the most draconian measures for the property market in history. Policymakers can take some comfort from the immediate effect of their ...
China's government tightened its squeeze on the property market Tuesday, restricting pre-sales by developers, in a further measure to curb soaring property prices. Developers were no longer permitted to receive downpayments for unfinished properties unless they have obtained ...
Chinese Land and Resources Minister Xu Shaoshi said Tuesday new land allocated for development rose 67 percent year on year in the first quarter to 1 million mu (66,667 hectares). About 39.2 percent of the total supply was earmarked for residential property development, up 10.2 ...
The recent inflationary increase in property prices is the greatest risk that China faces today. Anecdotal evidence indicates that price increases have reached 50 percent or more in cities like Shanghai and Shenzhen. It is difficult to assess the magnitude of the risk, since ...
New home prices in Shanghai rose above the 23,000 yuan (US$3,367) per square meter barrier for the first time last week amid abundant supply. The average price of new homes, excluding those designated for relocated residents under urban redevelopment plans, soared to 23,305 yuan ...
Banks in Shanghai are following the central government's call to tighten their mortgage policy by imposing a down payment of at least 50 percent on second homes and requiring home buyers to pay an extra 10 percent on interest rates. Lenders are also considering measures on third ...
Beijing's high-end apartments show signs of warming-up in the first quarter after the gloom of the last year, evidenced by climbing sales prices and rents, major real estate service providers say. Prices of Grade A apartments and high-end villas in Beijing increased rapidly in ...
Commercial banks can refuse to issue loans to buyers of their third home in areas suffering from excess property price rise, said the State Council, or the Cabinet, on Saturday. To curb speculation, banks can also halt loans to those who can't provide materials to prove they had ...
The central government has raised the required downpayment for a family purchasing a second house from the existing 40 percent to 50 percent, as the latest measure to curb soaring property prices and prevent growing financial risks. The decision was made during a State Council ...
The Chinese government said Thursday it plans to increase the land supply available for residential property, in a bid to guide the country's runaway property market into more healthy development. China will supply 180,000 hectares of land nationwide to build houses this year, ...
More than 60 percent of people selling their homes say they plan to use the proceeds to buy another property, according to a report by Centaline property agency. The study, which was based on a survey of 800 homeowners taken between March 20 and April 10, showed 18.5 percent ...
China's land transfer revenue jumped 43.2 percent year on year in 2009 to hit 1.42 trillion yuan (208.49 billion U.S. dollars), as the nation's property market boomed. Land transfer fees fell 19.7 percent in the first half of last year as the global financial crisis dampened ...
Shanghai's top political advisers are alarmed over a city brain drain, particularly among educated young migrants, because of the high cost of housing. The Shanghai Committee of the Chinese People's Political Consultative Conference said yesterday the city had lost at least 30 ...
China's property market continued to hot up in March with home prices in major cities growing at a double-digit pace, even as the government tries to rein in prices, official data released Wednesday showed. Home prices in China's 70 large and medium-sized cities including Beijing...
Market watchers expect new home prices in Shanghai to continue to surge and may even set a new record after they jumped significantly last week as developers are expected to release more units into the market. The average prices of new homes, excluding those for relocated ...
The average land prices in 70 key cities fell 31 percent in March over February as the country's measures to curb property prices "start working", a report from the China Land Surveying and Planning Institute (CLSPI) said. Don't miss: SOEs to be barred from property development ...
STAR Capital, a real estate private-equity fund formed by major Chinese private enterprises, said over the weekend that it has raised about 6 billion yuan (US$900 million) over the past three months. Under its plan, Star Capital aims to become China's largest yuan-denominated ...
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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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Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...