China Real Estate
China land minister pledges new residential supply: Xinhua
Chinese investors snap up homes in Cambodia
Land broker arrested after threatening to kill Chinese investor over Sh4.7M deal in city
Steady China home price growth in November as smaller city gains rise
China November property investment growth slows, sales pick up
China to add more rentals to ease housing headache
2018-01-19 05:13:26 China will build more rental housing for people in cities where housing prices have left people unable to afford homes. Besides imposing purchase restrictions and higher mortgage rates last year, China is exploring ways to increase the housing supply. Non-real estate companies may be allowed to build residential housing on their land, said Minister of Land and Resources Jiang Daming on Monday   Read More ...
New home prices in China pick up
2018-01-18 12:14:52 New home prices in larger cities like Shenzhen might have declined, but they're still rising in smaller cities, says Alan Jin of Mizuho Securities Asia.   Read More ...
China's home prices remain stable in December
2018-01-18 04:00:38 China's property market remained largely stable in December with home prices edging down slightly in major cities amid tough purchase restrictions, the National Bureau of Statistics (NBS) said Thursday. On a monthly basis, new residential housing prices in first-tier cities stayed unchanged in December from November, and second-hand home prices went down 0.1 percent. In contrast, the property market in second- and third-tier cities is showing signs of picking up, with new residential housing prices gaining 0   Read More ...
Reforms over who can build homes
2018-01-17 04:46:34 China will work on plans to allow non-real estate companies to build residential properties on land parcels to which they have acquired rights of use. The government will also no longer be the sole provider of residential plots, Minister of Land and Resources Jiang Daming told a national land resources work conference held on Monday. Trials on building rental housing on rural land, currently being conducted in more than a dozen Chinese cities, will be deepened as the country steps up efforts to put in place a housing system that ensures supply from multiple sources, provides housing support through multiple channels and encourages both house purchases and rental, Jiang said   Read More ...
China’s Hot Housing Market Begins to Cool
2018-01-16 15:00:17 In Beijing and Shanghai—two China’s largest housing markets—and other megacities, property sales have stalled and prices have dropped, and the high levels of debt that fueled a housing boom make the slowdown particularly perilous.   Read More ...
China land minister pledges new residential supply: Xinhua
2018-01-16 05:40:58 SHANGHAI (Reuters) - China will seek new sources of residential land supply and the government will gradually withdraw from being the sole provider of these plots, the state news agency Xinhua reported. Authorities will work on plans to let non-real estate companies build residential housing on land for which they have use rights, it quoted Minister of Land and Resources Jiang Daming as saying at a conference   Read More ...
Shanghai housing market to rebound in 2018
2018-01-16 04:02:25 The residential housing market in Shanghai continued to contract due to limited supplies and lending restrictions during the fourth quarter of 2017, according to data from JLL, a realty services provider. The mass housing market and the luxury segment in the city recorded drops of 47 percent and 80 percent respectively on a yearly basis, it said. However, analysts expected the overall housing market in Shanghai to rebound slightly in 2018   Read More ...
China to diversify sources of residential land supply
2018-01-16 03:02:13 China will seek new sources of residential land supply to improve housing, and gradually the government will no longer be the sole provider of residential land. Authorities will work on plans to let non-real estate companies build residential housing on land of which they have obtained use rights, said Minister of Land and Resources Jiang Daming at a national conference. The government will also allow rental housing on rural land to increase rental options, the minister said   Read More ...
Is China's position on property market thawing?
2018-01-16 02:30:20 As China's stock market witnessed the longest consecutive rally in over two decades, the property sector emerged as the biggest winner. Property developers' shares gained more than 2.8 percent on average over reports of impressive sales and, more importantly, signals of relaxed housing market restrictions. Lanzhou, capital city of northwest China's Gansu Province, eased controls on home purchases in some areas last Monday following more than eight months of restrictions, while forbidding sales of properties in core downtown and popular areas within three years of purchase   Read More ...
Developments threaten the wetland
2018-01-11 03:30:38 Having effectively taken over the coastal areas of Hainan province, real estate developers have turned their gaze to the island's wetland, contributing to its disappearance, according to an ecological expert. "The impact of real estate development on Hainan's wetland is obvious. A lot of wetland has been divided by developers to accommodate apartments and golf courses," said Jiang Haisheng, a professor at South China Normal University's School of Life Sciences in Guangzhou, Guangdong province   Read More ...
Chinese investors snap up homes in Cambodia
2018-01-11 01:45:27 PHNOM PENH • To sell real estate in Cambodia, agents are brushing up on their Mandarin. Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation's real estate market. Chinese investors are flocking to Phnom Penh, and they are viewed as the target market for many of its largest projects   Read More ...
Qaidam Basin sees drop of desertified land
2018-01-09 09:44:42 The Qaidam Basin, China's highest basin on the Qinghai-Tibet Plateau, has seen a decrease of more than 28,000 hectares of desertified land since 2009, local authorities said. The region has planted 178,000 hectares of windbreaks, farmland shelterbelts and enclosing forest to curb the expansion of desert areas, according to the local forestry department. It has also established national forest parks and wildlife and nature reserves to preserve the local environment   Read More ...
Domestic real estate market to consolidate this year
2018-01-04 03:00:59 A saleswoman (center) talks with customers at a real estate sales office in Huaian, Jiangsu province. (Photo by Zhou Changguo / China News Service) A new report by CRIC, a real estate research services provider, indicates that China's real estate market is going to become more consolidated in 2018, as large developers take up increasing shares of the sector. The report notes that Country Garden, China's top real estate developer by revenue in 2017, had sales revenue of 550 billion yuan ($76   Read More ...
Weak sentiment again dominates housing market
2018-01-03 03:30:43 New home sales stayed above the 100,000-square-meter threshold for the third consecutive week in Shanghai, despite a minor retreat as sluggish momentum extended through the end of 2017, latest market data showed. The area of new homes sold, excluding government-subsidized affordable housing, dipped 1 percent to 124,000 square meters during the seven-day period ending on Sunday, Shanghai Centaline Property Consultants Co said in a report released yesterday   Read More ...
CapitaLand to smarten property offerings
2017-12-25 06:30:12 A man passes by CapitaLand Group's billboard in Beijing. The real estate company has sealed technology collaborations with leading Chinese players. (Photo by Nan Shan/for China Daily) CapitaLand Group, one of Asia's largest real estate companies, will step up efforts in technology innovation in China and explore setting up buildings, malls and communities that are all "intelligent", in a bid to accelerate digitalization of its property offerings   Read More ...
Hainan's coastline damaged by rapid, improperly authorized development
2017-12-25 02:53:37 Excessive real estate development and severe land reclamation in South China's Hainan Province have eroded local coastlines and damaged the marine ecology, reported the Ministry of Environmental Protection (MEP) on Saturday. The MEP criticized some cities on the tropical island for ignoring environmental protection while relying heavily on real estate for economic development. According to a press release the MEP sent to the Global Times on Saturday, the Ocean Flower Island project illegally approved by the Danzhou government has damaged large sections of coral reef and a specie of pearl oysters   Read More ...
Beijing property prices remain stable
2017-12-24 04:00:41 Property market in Beijing held steady in November with second-hand home prices edging for seven consecutive months, according to a government report. The statement was included in a report on the economic and social development in Beijing which was passed on Saturday at the fourth plenary session of the 12th Beijing committee of the Communist Party of China (CPC). According to the research arm of Lianjia, China's biggest real estate chain, second-hand home prices fell from a peak of 67,801 yuan (about 10,300 U   Read More ...
House prices have hopefully been tamed
2017-12-21 04:30:35 The national bureau of Statistics has released the latest data on property prices in 70 big and medium-sized cities. The prices of new houses in 11 key cities, including Beijing, Shanghai, and Shenzhen, have all fallen slightly since last year. Beijing News comments: It is good news that the crazily rising house prices have been tamed. However, the question arises: Are falling house prices a sign of realty prices becoming rational again, or merely a temporary result of the macro-control measures of local governments? Many worry the answer might be the latter   Read More ...
Chinese buyers increasingly present in Montreal housing market
2017-12-20 17:03:55 The proportion of buyers from China purchasing housing in Montreal in 2017 increased significantly, according to statistics unveiled Tuesday by the Canada Mortgage and Housing Corp. and Statistics Canada. And CMHC analysts suspect that the local increase might have been a transfer in demand triggered by the imposition of foreign property ownership taxes in Toronto and Vancouver to cool down their housing markets   Read More ...
Land broker arrested after threatening to kill Chinese investor over Sh4.7M deal in city
2017-12-20 11:42:00 A land dealer has been arrested after he threatened to kill a Chinese businessman over Sh4.7 million alleged debt in the city centre. Mr Johnson Omwando Juma is also accused of demanding the money by menaces. The Chinese identified as John Zeyun Yang who is involved in real estate business reported the matter to the Central Police station before Omwando was tracked and arrested   Read More ...
House prices steady in key cities
2017-12-19 07:30:10 New home prices in most cities across China were lower on a year-on-year basis last month, and home prices in key cities are stable, according to National Bureau of Statistics, which released monthly housing market data on Monday. Liu Jianwei, a senior statistician at the NBS, said that new home prices in most of 70 monitored cities in November were lower than in 2016   Read More ...
Steady China home price growth in November as smaller city gains rise
2017-12-18 05:05:38 BEIJING (Reuters) - New home prices in China extended another month of steady growth in November, after picking up slightly in October, shrugging off a range of government measures to rein in an overheated property market as price gains in smaller cities widened. China’s housing market has been in a boom lasting more than two years, giving the economy a major boost but stirring fears of a property bubble, with the government taking stern measures to curtail speculative buying   Read More ...
China's home prices remain stable in November
2017-12-18 04:30:11 (File photo/Xinhua) China's property market remained largely stable in November with home prices edging down in major cities amid tough purchase restrictions and tight liquidity environment, the National Bureau of Statistics (NBS) said Monday. On a monthly basis, new residential housing and second-hand home prices in first-tier cities went down 0.1 percent and 0.2 percent, respectively. In contrast, the property market in second- and third-tier cities is showing signs of picking up, with new residential housing prices gaining 0   Read More ...
China November property investment growth slows, sales pick up
2017-12-14 08:40:14 BEIJING (Reuters) - Growth in China’s property investment cooled in November as an official crackdown on riskier lending and stiffer regulation of the real estate market took effect. Developers’ land purchases measured by area rose 16.3 percent in the first 11 months of the year, compared to 12.9 percent in January-October. “Overall the investment level is pretty steady, which could be explained by property developers’ enthusiasm in land bids despite the property purchase curbs,” said Yan Yuejin, an analyst with Shanghai-based E-house China R&D Institute   Read More ...
UK house prices rise by more than expected in November
2017-12-08 10:04:04 LONDON - British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday. House prices rose 0.5 percent month-on-month after a 0.3 percent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for a 0.2 percent rise. But house price growth slowed on an annual basis to 3   Read More ...
China's property market will see smaller price gains ahead, major developer says
2017-12-07 12:16:19 Property price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. "For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there's always been policies coming out to control the market, but now this becomes a real nation-wide effort," said SOHO China CEO Zhang Xin   Read More ...
Housing 'stable' in 2018
2017-12-06 03:00:52 The Chinese residential real estate market is expected to be stable, although a round of adjustments and further cooling is likely, according to a report by the Chinese Academy of Social Sciences (CASS) on Tuesday. In 2018, housing prices will stabilize and inventories will fall further, although at a slower pace, the report said. With tightened polices on home purchases likely to persist into next year, the focus will be on the rental market, with more land supply expected to be released for rental housing projects, the report noted   Read More ...
China's property market to cool in 2018: think tank
2017-12-05 16:30:22 China's property market is expected to cool in 2018 as growth in real estate investment, property sales value and home prices might slow, according to an annual research report released Tuesday. "In general, this short period of pick-up in the property market is drawing to a close. A new period of correction and cooling will emerge next year," said the report from the National Academy of Economic Strategy at the Chinese Academy of Social Sciences (CASS)   Read More ...
UK budget hits unlikely to worry Chinese investors
2017-11-24 08:30:11 Analysts expect Chinese investors to continue buying into the United Kingdom's property market, despite announcements in Wednesday's Autumn Budget that could cause disincentives. The budget took the UK's real estate sector by surprise, with an announcement that the government was eliminating capital gains tax relief for overseas buyers of UK commercial property. The new rules could come into force from April 2019, and the government forecasts the change will raise around 500 million pounds ($664 million) in tax revenue by 2024   Read More ...
No relaxation in property curbs: authorities
2017-11-22 06:04:20 Regulations to curb property sector risks must not be relaxed, Chinese authorities said Tuesday. Since late last year, dozens of local governments have passed or expanded restrictions on house purchases and increased the minimum down payment required for mortgages. The property market was also cooled by tightened liquidity as the government contained leverage and risk in the financial system. The statement stressed continuity and stability of property controls   Read More ...
China to fend off bubble risk with tighter property rules
2017-11-22 00:23:10 Chinese authorities have said they will head off the risk of a property market crash by stiffening regulation and preventing high land prices. Regulators from land and housing ministries, as well as the Peoples Bank of China (PBOC), have agreed plans to curb speculation in bricks and mortar, Reuters reported, citing comments on Chinese state television (CCTV). The authorities said they would stop funds being illegally funneled into property and that capital flow would be more forcibly balanced between real estate and other industries   Read More ...
China's property market to cool on tough curbs
2017-11-21 02:30:14 China's property market is expected to cool in the fourth quarter as real estate investment growth faltered, monthly property sales value dropped and home prices declined in hotspot cities, economists said. The property market remained stable in October, with new residential housing prices seeing slower growth year on year in 13 of the 15 major cities considered the hottest markets, including Beijing, the National Bureau of Statistics (NBS) data showed   Read More ...
Property price growth seen picking up pace amid tighter liquidity
2017-11-20 03:01:05 China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. China's housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures to curtail purchases   Read More ...
China's home prices remain stable as control policies resume
2017-11-19 06:01:34 On a yearly basis, new residential housing prices saw slower growth in 13 of the 15 major cities considered the "hottest markets," NBS data showed. On a month-on-month basis, new residential housing prices fell in 9 of the 15 cities. New home prices in Tianjin, Shanghai, and Chengdu climbed 0.1, 0.3, and 0.7 percent, respectively. Of the 70 large and medium-sized cities surveyed, home prices in 50 cities rose month on month, compared with 44 in September   Read More ...
China's home prices remain stable as control policies resume
2017-11-19 02:30:18 China's property market remained stable in October with home prices falling or posting slower growth in major cities amid tough control policies, the National Bureau of Statistics (NBS) said Saturday. On a yearly basis, new residential housing prices saw slower growth in 13 of the 15 major cities considered the "hottest markets," NBS data showed. On a month-on-month basis, new residential housing prices fell in 9 of the 15 cities   Read More ...
China's home prices remain stable in October
2017-11-18 04:00:46 China's property market remained generally stable in October with home prices falling or posting slower growth in major cities amid tough control policies, the National Bureau of Statistics (NBS) said Saturday. On a yearly basis, new residential housing price saw slower growth in 13 of the 15 major cities, NBS data showed. On a month-on-month basis, new residential housing prices fell in 9 of the 15 cities   Read More ...
China’s new home sales gain by single digit as market cools
2017-11-15 08:00:58 New home sales in China slowed to single-digit expansion in the first 10 months of this year as the domestic property market continued to cool, data released yesterday by the National Bureau of Statistics showed. More than 8.55 trillion yuan ($1.29 trillion) worth of new homes, excluding government-subsidized affordable housing, were sold between January and October, a year-on-year gain of 9   Read More ...
Chinese firm signs deal as main contractor with Israeli real estate company for first time
2017-11-14 04:02:08 Beijing Construction Engineering Group (BCEG) officially signed the construction contract as the main contractor of the Neot Ariel Sharon project in Kiryat Ono of Tel Aviv with Israeli Carasso Real Estate here on Monday. It marks the first time for a Chinese company to sign a deal as a main contractor with an Israeli real estate company to set foot in the field   Read More ...
Cities, firms join drive to spur rental housing
2017-11-13 06:03:32 Major Chinese cities, developers and the financial sector are moving quickly to join a government-led campaign to develop the rental housing market. This comes as the country's top authorities aim to provide a long-term solution to an overheated real estate market by encouraging more people to rent rather than buy. For a long time, soaring property prices have put urban residents under pressure, making housing affordability a growing problem for policymakers   Read More ...
Cities, firms join drive to spur rental housing
2017-11-13 02:32:26 Financial innovation part of long-term solution to overheated real estate market. Beijing-Major Chinese cities, developers and the financial sector are moving quickly to join a government-led campaign to develop the rental housing market. This comes as the country's top authorities aim to provide a long-term solution to an overheated real estate market by encouraging more people to rent rather than buy   Read More ...