>
China Property Prices Rise More Than Estimated at 12.4% ...
June 10, 2010 -- China’s property prices rose at the second-fastest
pace on record in May, showing little sign yet that the government crackdown on
speculation will work to avert an asset-price bubble. The 12.4 percent gain
compared with a record 12.8 percent increase in April from a year earlier, the
National Bureau of Statistics said in a statement its website ... continued ...
>
Beijing Dalong Estate reports soaring net profit in 2009 ...
June 8, 2010 -- Beijing Dalong Weiye Real Estate, a Shanghai-listed
company, said its 2009 net profit soared by 14,256 percent year on year to reach
338.9 million yuan (49.6 million U.S. dollars). In a statement filed to the
Shanghai Stock Exchange Tuesday, the company said its business revenue in 2009
hit 1.75 billion yuan, up 1,174 percent from the previous year ... continued ...
>
Definition of "second home" becomes standardized ...
June 6, 2010 -- The government announced Friday that its definition of what constitutes a second
home will be based on the number of homes owned per family, rather than by each
individual. The policy will put an end to different definitions of second homes
that various banks had been using when granting mortgages. However, market
insiders said it will not be easy to secure buyers' full information, meaning
prospective owners could find loopholes. A family's actual total property
holdings will be calculated by including the home ownership of the loan
applicant and the applicant's spouse and minor children, according to a
statement released jointly by the Ministry of Housing and Urban-Rural
Development, the People's Bank of China and the China Banking Regulatory
Commission ...
continued ...
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Chinese
shares fall on unease about economic outlook ...
June 1, 2010 -- Chinese shares fell again Tuesday, overshadowed by
uneasiness of the country's economic outlook, led by property developers.
Real Estate developers remained sluggish on continued concerns of possible
launches of a residential property tax. Poly Real Estate Group lost 2.9 percent
to 10.73 yuan, while China Vanke Ltd., the country's biggest developer, slipped
0.7 percent to 7.16 yuan... continued ...
>
Hong Kong's
Property Developers Face New Marketing Rules ...
May 31, 2010 -- Bloomberg's Paul Gordon reports on the Hong Kong governments'
efforts to cool its property market and clamp down on marketing practices it has
criticized as very innovative ... continued ...
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Beijing
faces social displacement challenges with the large-scale re-development in the
older area's of Beijing ...
May 27, 2010 -- Relations between long-time residents in older area's of
Beijing slated for re-development and large-scale real estate Developers do not
always go well... the rapidly escalating local real estate prices also compounds
problems faced by local residents being bough-out by Developers ... continued ...
>
Real
Estate Prices in Beijing Begin to Soften ...
May 10, 2010 -- Real Estate prices in some area's of Beijing are beginning to
soften as new government regulations enacted to curb real estate speculation
being to take effect ... continued ...
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Compact
apartments provide living-space for lower income brackets ...
April 27, 2010 -- Retired engineer Huang Rixin is the designer and owner of
Capsule Apartments. Located in the outskirts of Beijing, this compact housing is
home to some of China's young, struggling workers, whose lower income levels are
prices out of the larger, more expensive housing in the area ... continued ...
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Activity in Beijing's Real Estate Investment Market ...
April 19, 2010 -- Beijing's real estate market witnessed continued growth in
investment activities during the first quarter of this 2010. Property
transactions saw more investment by both domestic and foreign investors. Who
were the most active investors this quarter?, and, with the government unveiling
new measures to stabilize investment in the property market, what are the
implications for the rest of 2010? ... continued ...
>
The
Chinese Govt. moves to cool the housing market ...
March 5, 2010 -- Wen Jiabao, China's premier, on Friday pledged measures to
curb speculation in the country's housing market and rein in soaring prices, but
with real estate accounting for 10 per cent of GDP, making changes will pose
challenges in reaching a balance between social and business issues.
