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A senior Chinese official of housing said on Friday that it remained difficult to regulate China's real estate market as local governments were too reliant on revenue from land sales. Qiu Baoxing, vice minister of Housing and Urban-Rural Development, said a rising housing demand ...
The price of luxury homes in China's key cities saw an increase due to the government's policy to restrict the amount of homes a family could purchase and investors' eagerness to hedge growing inflation risks. In Shanghai, nearly 80 percent of the new properties that carried a ...
Buying sentiment for new homes rebounded in Shanghai for the first time in six weeks and average price continued to stay at high levels due to robust sales of mid- to high-end projects. New home sales jumped 34.6 percent to 214,000 square meters last week, terminating a five-week ...
China's property prices are likely to decline by almost 20 percent next year and the market may go through a major period of readjustment in March or April 2011, according to a report released on Saturday by Beijing-based Renmin University of China. Prices will be dragged down by ...
New home sales plunged by nearly half in Shanghai during the first 10 months of this year as a result of government tightening policies, the local statistics authority said yesterday. More than 13.51 million square meters of new houses were sold across the city between January ...
Banks extended more mortgage loans in Shanghai last month after home sales rebounded strongly in September, the central bank said Monday. Outstanding mortgage loans at banks in Shanghai rose 570 million yuan (US$85.8 million) in October, the Shanghai headquarters of the People's ...
Some of China's second-tier and third-tier cities may generate higher returns given the excessively high level of house prices in the nation's biggest cities, according to a real estate research report. The report was released by Syswinland Consulting, a Beijing-based firm ...
Beijing is to ban sales of apartments created from hotel properties because those apartments are unable to guarantee house buyers' rights and interests, the Caijing.com reported Thursday. Hotel properties include hotels and vacation resorts, according to the document issued by ...
Government efforts to cool down the nation's red-hot property market are unlikely to have a major impact on China's building materials sector, according to a report from the China Building Material Circulation Association (CBMCA). The Building Materials Home Index (BHI), an ...
The strict measures rolled out by the Central Government to rein in soaring property prices over the past month have delayed purchases by potential buyers in most urban areas. However, high housing prices are still hanging over many major Chinese cities, domestic media reported ...
Housing speculators from Wenzhou City in southeastern China are switching their money from property into gold following government restrictions on the real estate market. Tao Xingyi, president of Beijing-based Jinding Group, a company specializing in high-end gold trading and ...
The series of strict measures rolled out by the authorities to rein in soaring property prices over the past month seem to have only delayed purchases by potential buyers in most urban areas, latest statistics have showed. Housing prices in 70 large to medium-sized cities ...
China's disciplinary watchdog has released a set of rules outlining punishment for Party members in leading positions meddling in the real estate industry, in an effort to uproot corruption in the field. The rules, issued by the Central Commission for Discipline Inspection of the ...
China's capital reported 110.37 billion yuan ($16.18 billion) in fixed-assets investment in the first four months, a growth of 32.5 percent on the same period of last year. The total included in 55.59 billion yuan in real estate development, up 64.4 percent. Of the investment in ...
Stricter loan requirements might lead to a weakened property market and price decline in the short term, but more diversified types of housing is the solution to China's property market dilemma, economists say. The government should provide more options to China's home buyers ...
Will housing prices see a continuous "downturn", will the drop be short-term or will there be sharp fluctuations? Two experts express different views on the topic. Market may follow Japan's trajectory by Gao Shanwen A series of new policies issued by the State Council, the ...
China Merchants Property Development Co has shelved a private placement plan worth up to 5 billion yuan (US$732 million) because of a fall in its share price, the company, one of the country's four largest publicly listed developers, said yesterday in a filing to the Shenzhen ...
Troubled U.S. government-backed mortgage giant Fannie Mae on Monday asked for 8.4 billion dollars in additional federal aid to cover its huge losses. Fannie Mae reported earlier Monday that it lost 13.1 billion dollars in the first quarter, or 2.29 dollars a share. It lost 23. 2 ...
The Poly Real Estate Group, China's second largest property developer by market value, said Sunday its contracted sales volume in January-to-April period totaled 12.22 billion yuan (1.79 billion U.S. dollars), up 16.21 percent year on year. The increase was generated on the back ...
China's recent measures to cool the red-hot property market had curbed excessive home price rises in some cities, a senior government official said Friday during an online discussion with Chinese netizens. Qi Ji, vice minister of housing and urban-rural development, said the ...
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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 ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
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
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...