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Property tax may be introduced nationwide

Business | Real estate
2011-5-7

THE potential introduction of a property tax nationwide is one of the biggest new factors affecting China's real estate market, Deloitte said yesterday in its latest industry analysis. Despite the implementation...

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Midland closes branches in city

Business | Real estate
2011-5-6

MIDLAND Holdings, a Hong Kong-based real estate chain operator, will close all its Midland Realty outlets in Shanghai by the end of this month as the company plans to exit from the existing house brokerage business...

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Small rise in house index but no rally

Business | Real estate
2011-5-6

SHANGHAI'S existing housing index continued to rise slightly in April, extending its growth for the eighth consecutive month, but it's unlikely that a significant rebound is in the pipeline. The index, which...

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Midland to bow out of Shanghai real estate market

Business | Real estate
2011-5-5

HONG KONG-BASED real estate agency Midland Holdings is set to close all its Shanghai outlets by the end of this month as the company plans to quit the city's second-hand home brokerage business. Midland, which...

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Bureau's housing figure 'not realistic'

Business | Real estate
2011-5-5

A HOUSING figure used by the country's statistics agency to calculate the cost of living for Chinese people has come under criticism for being unrealistic. The National Bureau of Statistics said in a recent report...

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Rebound in new home sales amid stable average price

Business | Real estate
2011-5-4

NEW home sales continued to rebound in Shanghai in April while the average price remained stable. Sales of new homes, excluding those built under the city's affordable housing programs, surged 55.7 percent from...

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Housing buyers hang back

Business | Real estate
2011-5-3

THE cat and mouse game between home buyers and real estate developers shows no sign of ending, as a "wait-and-see" sentiment prevailed at a Shanghai property fair that ends today. More than 100 property developers,...

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Developers face curb on margins

Business | Real estate
2011-4-28

CHINA'S top planning body is studying ways to keep real estate developers' profit margins within reasonable levels as it continues to fight against house price bubbles. The National Development and Reform Commission...

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HK auctions site at top end of estimates

Business | Real estate
2011-4-28

HONG Kong's government yesterday sold a residential building site at the top end of estimates in its first auction since imposing the toughest measures yet to curb home prices in November. The HK$1.525 billion...

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US cities see home prices fall

Business | Real estate
2011-4-27

HOME prices are falling in most major cities in the United States, and at least 10 major markets are at their lowest point since the housing bubble burst. The Standard & Poor's/Case-Shiller 20-city index yesterday...

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Efforts bear results

Business | Real estate
2011-4-27

THE State Council, China's Cabinet, yesterday said efforts of local governments to regulate the real estate market have seen some preliminary results. "Speculative housing demands have been contained, and the...

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Home price soars as luxury sells

Business | Real estate
2011-4-26

THE price of new homes in Shanghai surged to a record high of nearly 30,000 yuan (US$4,600) per square meter last week, thanks to robust sales at two luxury projects. The average price of new homes, excluding those...

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Realty fair may draw more developers

Business | Real estate
2011-4-22

NEARLY 130 exhibitors, including leading Chinese developers such as China Vanke, Poly Real Estate and Gemdale, may showcase more than 200 real estate projects at an upcoming property fair in Shanghai, a four-day event...

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Mori sells 5 floors of tallest tower

Business | Real estate
2011-4-22

MORI Building Co, owner of China's tallest building, said it sold five floors of the property and may offer more in the tower following demand from investors. Japan's biggest privately held developer said it...

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Supply of new homes may rise

Business | Real estate
2011-4-21

NEW home supply in Shanghai may increase in May as developers look set to release a bigger number of larger and mid- to high-end properties. A total of 52 residential developments - 31 apartment projects, 19 villa...