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Ministry To Check Unusual Land Deals

Business | Real estate
2011-6-1

THE Ministry of Land and Resources will check land deals completed since the start of the year to monitor unusual price fluctuations and curb rebounds in residential land prices. Local governments at or above the...

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US housing market still weak

Business | Real estate
2011-6-1

HOME prices in major areas in the United States have reached their lowest level since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to...

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New home supply at highest

Business | Real estate
2011-5-31

NEW home supply in Shanghai soared to the highest in five months last week, with sales little changed but the average price fell more than 2 percent. A total of 522,100 square meters of new homes, excluding those...

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Housing Sales in China Seen To Fall Over 10%

Business | Real estate
2011-5-31

PRUDENT monetary policy and continued austerity measures to curb speculation may pull down home sales in China by more than 10 percent this year, industry experts said. The central government will firmly stick...

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Home prices likely to fall by more than 10% this year: analysts

Business | Real estate
2011-5-30

ANALYSTS said Chinese home prices are likely to fall by more than 10 percent this year, due to the government's prudent monetary policy and other tightening measures, the Beijing News reported today. Home transactions...

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Home supply in city set to tumble 39% in June

Business | Real estate
2011-5-27

THE number of residential projects to be released in Shanghai next month is set to fall 39 percent from this month, with most of the supply being developments in outlying areas. A total of 37 projects - 29 apartment...

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Chongqing To Reap US$15m From House Taxes

Business | Real estate
2011-5-27

SOUTHWEST China's Chongqing has ascertained there will be more than 13,000 houses subject to property tax this year, according to the local land resources and house management authorities. Property taxes on the...

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New format

Business | Real estate
2011-5-26

SHANGHAI'S property purchasing contract will take a new format from today, the local housing authority said yesterday. Transactions of all new and used properties will use the new format. The latest reining-in...

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Price cuts lift sales of new homes in city

Business | Real estate
2011-5-24

DISCOUNTS offered by some property developers lifted buying sentiment for new homes in Shanghai last week to the highest since April. Sales of new residential properties, excluding those built under the city's...

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Housing plan subsidies raised

Business | Real estate
2011-5-21

CHINA'S Ministry of Finance yesterday said it has allocated additional 18 billion yuan (US$2.77 billion) in subsidies to fund public housing projects across the country. The central government's new subsidies...

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Reining-in measures fail to dent housing prices

Business | Real estate
2011-5-19

FEWER Chinese cities reported evidence of a slowdown in new home prices in April compared to a month earlier, new figures yesterday revealed. This indicates government rein-in measures introduced in January to...

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High hopes

Business | Real estate
2011-5-19

MARRIOTT International Inc expects its China business to account for up to 70 percent of its Asia-Pacific operations within the next couple of years as the hotel operator further accelerates its expansion across the...

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Chinese property prices witness mixed growth in April

Business | Real estate
2011-5-18

PROPERTY prices in major Chinese cities showed mixed growth in April, with more cities reporting month-on-month increases in new commercial housing prices from March and lower prices for resold housing units, according...

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New rule on housing prices

Business | Real estate
2011-5-17

REAL estate developers, as well as realty agencies engaged in the existing property market, should disclose to the public not only their asking prices but also prices of property units in the same building or at the...

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Shanghai's New Home Sales Post 3.5% Decline

Business | Real estate
2011-5-17

NEW home sales continued to hover around 160,000 square meters in Shanghai for the fourth consecutive week while robust sales of high-end projects pushed up the average price to above 23,000 yuan (US$3,538) per square...