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Construction ban still par for the golf course

Golfing industry has huge potential despite laws against building greens Banned since 2004 in China for being "too bourgeois", golf-course construction has been secretly booming, senior land superintendents said on Tuesday. Li Jianqin, head of the law enforcement and supervision ...

New property projects seen easing demand this fall

There will be enough housing available in the second half of the year, said an official from the housing ministry over the weekend, a prediction that, if true, could mean prices will finally begin to fall. "More houses are going on the market and there should be a major shift as ...

Average age of Beijing first-home buyers is 27

Despite high housing prices in Beijing, locals are applying for loans for their first homes at an average age of 27, a generation earlier than people in developed countries, Xinhua reports. According to a recent report by Beijing Lianjia Real Estate Agency and China Everbright ...

Shimao Property reports earnings jump in H1

Hong Kong-listed Shimao Property Holdings Ltd reported Tuesday profit attributable to shareholders jumped 76 percent to 2.11 billion yuan (US$311 million) in the first half of this year mainly due to increased property sales. Revenue during the six-month period more than doubled ...

Shui On Land reports doubled profit

Shui On Land Ltd, the developer best known for its landmark Tiandi series of projects in a couple of Chinese cities, reported yesterday net profit more than doubled in the first six months of this year mainly due to strong property sales and increased average price. Unaudited net ...

China set for rise to No. 2 slot

China might overtake Japan as the second-largest real estate market in the world after the United States by as early as next year, a leading international real estate information services provider predicted Thursday. "In 2009, DTZ's two strongest markets which bucked the trend of ...

DTZ to ride the real estate wave in China

Real estate services company DTZ Holdings is betting big on growth in China, as most of the major global property markets are languishing, a top company official said on Thursday. "During the past few months, we entered markets like New Zealand, Portugal and Austria," said Paul ...

China takes back 800 ha of idle land

China has taken back 12,000 mu (800 hectares) of hoarded land by July amid other efforts to dampen the overheated property market, said the Ministry of Land and Resources Thursday. The wrongdoers have been fined a total of 480 million yuan (70.90 million U.S. dollars). The ...

Low-income housing key to curb rising home prices

Experts said Sunday that promotion of low-income housing by local governments is key to curbing China's rising home prices. China's low-income housing system mainly includes affordable housing, price-limited housing, low-cost rental housing and public rental housing aimed at ...

Home decoration loans stopped

Shanghai has temporarily suspended loans for home decorations under the city's housing fund program to crack down on unscrupulous practices by some estate agencies, Wenhui Daily reported yesterday, citing sources from the Shanghai Provident Management Center. Since this week, the ...

Wen: Housing price to be kept reasonable

Chinese Premier Wen Jiabao said Thursday that the government will keep housing price at a reasonable and stable level. Addressing a grand reception marking the 61th anniversary of the founding of the People's Republic of China, Wen said the nation will improve support for the ...

China gears up for cooling housing market

Experts said Thursday that the latest measures taken by the Chinese government to cool the property market would produce tangible results, and stricter policies were expected. "The new policies represent the government's tougher stance in curbing excessive housing price rises," ...

Residential property tax 'necessary' for healthy market

The introduction of a residential property tax is "necessary" to ensure a healthy property market, which could further boost income distribution adjustment and economic restructuring, China's Ministry of Finance said Thursday in a statement on its web site. The statement came ...

Tougher measures to cool property market

New measures to curb rising real estate prices, including raising down payments for home purchases and expanding property tax trials nationwide, were launched on Wednesday highlighting the government's resolve to cool the property market. Homebuyers purchasing their first ...

Insurers are banned from property speculation

Insurers are prohibited from speculating in the property market in the name of investing in the real estate sector, the Securities Times reported Wednesday, citing Yang Mingsheng, vice chairman of the country's Insurance Regulatory Commission. Chinese insurers are allowed to ...

91% unsatisfied with home price: Survey

The majority of Chinese people are feeling the pinch of buying an apartment under the current high prices, with 91 percent saying they were unsatisfied with their region's housing prices, People's Daily reported Monday. A survey of more than 46,000 participants on the newspaper's ...

China steps up pressure on property firms

Chinese property developers and their controlling shareholders will be banned from participating in land auctions if they are found guilty of illegal activities, the government warned Monday. Developers who have failed to start developing land a year after acquiring a plot at ...

Chongqing launches 'tax refund policy' for 1st-home buyers

Chongqing municipality has launched a new subsidy policy for first-home buyers, the Shanghai Securities News reported Monday. The policy says first-home buyers in Chongqing's 10 major districts who buy an apartment on mortgage and pay personal income tax in those areas would ...

Developers with idle land banned from buying more

Developers with land they've held for more than a year without developing will be forbidden from buying additional plots, the National Business Daily reported Monday. The Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development issued the notice to ...

NBS to use online data for home prices statistics

The National Bureau of Statistics (NBS) is set to use the local bureaus of land and resources' online contract databases for new-home price statistics in 35 large- and medium-sized cities, Xinhua and the Beijing News reported. The NBS has published the draft proposal on its ...
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company

industry

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trade

sports

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