Property market exuberance could prompt authorities to step up curbs: Analysts New home prices in 70 major cities across China rose an average of 0.8 per cent in January from the same month a year earlier, according to data released yesterday by the National Bureau of Statistics, snapping 10 months of decline and raising the risk that the central government may move to bolster a three-year campaign to...
China Property Market
Several local governments in China have announced new measures to restrict financing to potential homebuyers, triggering concerns about a fresh wave of tightening for the property sector, Dow Jones Newswires reported on Tuesday. Word of the measures comes as home prices in major Chinese cities started rising in the second half last year after declining since late 2011 as the central government’s strict...
China’s average home prices rose from year-ago levels in January for the second month in a row, signalling that the property market recovery is gaining momentum after last year’s slump, Dow Jones Newswires reported on Friday. Analysts said the uptick in prices was due to strong demand from buyers who had rushed into the market amid widespread expectations that housing prices would climb further this...
Average home prices in China's 100 major cities edged up 0.03 per cent last month from December a year earlier, snapping eight months of decline and reinforcing signs of a property market recovery in Asia's largest economy, a widely-followed survey showed on Friday. The data from the China Real Estate Index System (CREIS) added to evidence that the real estate market has found support from broad monetary...
China has sufficient land supply for residential projects and there are no signs of the market overheating, the Shanghai Securities News reported yesterday, citing an unnamed official from the Ministry of Land and Resources. While the pace of land transactions has picked up in the last two months, the base prices and premiums have been in line with general trends, said the official. In last month and...
China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by the state media yesterday. The comments underscore Beijing's determination to keep a lid on rising home prices - a source of social discontent - especially in the run-up to a once-a-decade leadership transition this...
Singapore's City Developments is confident China's residential property market won't crash. And it's waiting for opportunities for hotels to get cheaper for acquisitions. City Developments is planning to launch its first residential development in Chongqing in southwest China next year, should the property market improve. Its confidence in the market is underpinned by a trust that authorities will act to...
The average home price in China's 100 major cities edged up in July for the second consecutive month, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday. The average price of 8,717 yuan (S$1,700) per square metre in the 100 cities surveyed was 0.33 per cent higher than June, accelerating from...
The number of property purchases in some major Chinese cities has picked up, as regulators struggle to combat rumours that Beijing is preparing to loosen curbs on real estate investment to combat slowing economic growth. Property sales in cities including Hangzhou, Shenzhen and Nanjing have sped up in recent months, the official Shanghai Securities News reported. Chinese regulators continue to deny...
Chinese home prices fell last month from January for a fifth consecutive month and are expected to continue heading south in coming months, underlining the success of Beijing's long campaign to cool property market speculation. Average new home prices across China fell 0.1 per cent last month, versus a drop of 0.2 per cent in January, according to Reuters' weighted home price index based on data announced...