China's residential property market could stabilise by the first quarter of next year, as more supply becomes available, according to financial services firm Nomura. It said office space could be the segment to watch in Asia Pacific this year because of low valuations and stable yields. The property bubble in China is raising some red flags in the country, but Nomura said the market is likely to cool in...
China Property Market
Mass market housing in China remains affordable, and is unlikely to face the bubble pressures in the high-end segments and top-tier cities. Speaking at an investor conference, CapitaLand CEO Liew Mun Leong added that opportunities in the retail property segment across the mainland continue to expand. The China property market is hot. And fears of an asset bubble on the mainland have sparked government...
Enormous investment opportunities lay in the emerging superpower, says Cityscape Asia 2010 China holds enormous opportunities for investment as its economy surges, say leading economists and investment experts at Cityscape Asia 2010 in Singapore yesterday. Speaking at a keynote session on evaluating the economic outlook for China 2010 and beyond, David Wong, Chief Economist at Shui On Land, said the...
China's moves to rein in soaring real estate prices appear to be cooling demand in the red-hot sector, reducing the risk of the market overheating and derailing the booming economy, analysts say. In the past two weeks, the government has introduced a range of measures aimed at curbing rampant speculation and spiralling prices, but analysts warn the rules can be skirted easily by buyers looking to make a...
Leveraged developers, rather than end buyers, are the most likely source of risk for real estate in China. And Citi says China's efforts to rein in its property price bubble are unlikely to affect other sectors, thanks to the government's effective control over policy. Momentum in China real estate continues to build. Citi says while the signs of a bubble are clear, the greatest risk within the market...
CHEUNG Kong (Holdings) Ltd, the Hong Kong developer controlled by billionaire Li Ka-shing, said efforts by China to cool its property market are 'timely' after record price gains. 'You want to take action before the market gets too hot,' Justin Chiu, executive director of Cheung Kong, said in a Bloomberg Television interview yesterday. 'Prices have gone up really quite a lot; people buying for their own...
Skyrocketing property prices have spurred many divorced Chinese couples to continue living under the same roof while they await the best time to sell their homes. Based on cases in a Beijing court, the Beijing Morning Post suggested on Monday that about 10 per cent of divorced couples in China who were born after 1980 preferred to maintain their financial ties and shared property. The living-together...
CAPITALAND president and chief executive Liew Mun Leong said at a forum yesterday that there is no widespread asset bubble in China, because outside certain major cities, people's mortgage payments have not become unaffordable relative to their incomes. Mr Liew told students at the National University of Singapore Business School that there are 'speculative forces' in major cities like Beijing, Shanghai,...
On Jan 6, a day after the government announced a grand plan to transform Hainan province into a world-class tourism paradise, retiree Zhou Yafen woke up to see crowds 'rushing madly to buy apartments' on the island. 'Property prices shot up like an arrow,' said the 59-year-old, who owns a 125 sq m flat in provincial capital Haikou that she bought in 2005. Its value today has gone up by more than eight...
Hainan: An announcement that the tropical island would be transformed into a top international tourist hotspot prompted investors from across the country - and beyond - to rush in and snap up properties. Shanghai: Land and property prices in the Pudong New Zone area, especially plots near where the new Disney theme park would be sited, shot up to record highs. Beijing: The 2008 Olympic Games benefited...