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...
China Property
The pace of China's economic growth has eased markedly but investment interest in the country, especially in second-tier cities such as Chengdu, by investors from Singapore appears to have waned little. Take Frasers Hospitality, the serviced apartment arm of conglomerate, Fraser & Neave, for instance. It is already looking for a second and perhaps even a third property following the official opening...
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...
China's home prices for last month posted the biggest decline in 19 months as the government pledged to maintain curbs on property, according to SouFun Holdings, the nation's biggest real-estate portal. And market watchers expect prices to continue to fall, with no signs of the curbs easing in sight. Home prices dropped 0.3 per cent last month from January, according to SouFun, which began compiling the...
Shanghai eased home purchase restrictions to allow a broader pool of buyers to purchase a second property in China's financial centre, the Shanghai Securities News reported yesterday. The city loosened its definition of locals to allow residence permit holders who have lived in the city for at least three years to buy a second home, the newspaper said, citing an unidentified official of the city's housing...
China will limit mortgages for home purchases by foreigners to curb overseas investment, as part of its continued efforts to lower property prices. According to the National Development and Reform Commission, China’s planning agency will not approve medium- and long-term foreign debt quotas for overseas banks this year, if they intend to use such borrowings to fund home loans taken out by...
China's December home prices posted their worst performance last year, with only two of the 70 cities tracked posting gains, and may drop further as Beijing sticks to its campaign to bring housing costs back to levels that the government considers reasonable. Prices in 52 of 70 cities monitored by the government declined from the previous month, the National Statistics Bureau said yesterday. New home...
Annual growth in real estate investment in China, a main driver of the economy, slowed last month to its lowest pace in a year, falling in tandem with property sales revenues. Property investment grew 12.3 per cent last month from a year earlier, down from an annual rise of 20.2 per cent in November and 25 per cent in October and September, according to Reuters calculations based on official data released...
The Chinese capital city of Beijing will maintain restrictions on home purchases this year to continue to cool the property market, the Dow Jones news agency reported Friday, citing the city's Mayor. Housing prices in the city fell 11.3 per cent last year, while private home sales fell 14 per cent in the period. First-time home buyers accounted for nearly 90 per cent of all sales last year, said Beijing...
The head of CapitaLand Group says second-tier cities in China hold a great deal of potential for property development. Chief executive Liew Mun Leong told Channel NewsAsia he is on the lookout for value properties in China to grow the Singapore-based company, despite Chinese government measures to cool investment. He pointed to a 30 percent growth last year in tenant sales in second-tier Chinese cities...