China Real Estate
China, voracious buyer of foreign agricultural land
New frontiers: Property market to benefit from China initiative
Xi Jinping seeks to tame China's wild property market with rental push
China land minister pledges new residential supply: Xinhua
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
Prudent monetary policy to guide housing market, says PBOC
2018-03-09 06:30:09 China will maintain prudent monetary policy to promote the development of the housing market, as risks in the sector remain under control, a vice-governor of the central bank said on Friday. "Reasonable increases in housing loans are necessary to meet the demand for housing purchases. The amount of repayments for housing loans has risen, but it is still within a reasonable range from a long-term perspective," Pan Gongsheng, vice-governor of the People's Bank of China, said at a press conference on the sidelines of the annual session of the National People's Congress   Read More ...
Post-holiday, Beijing home rentals set to rise
2018-03-05 03:00:59 Now that the Spring Festival holiday is over, home rentals in Beijing are expected to rise because of two factors. One, the number of homes available for renting has shrunk; two, workers from interior areas have started to flock back to the country's capital. So, demand is expected to outstrip supply. "A week into the Chinese lunar new year, there would be a growing number of potential tenants looking for rooms, and after two weeks, the market will become very active," said Liang Yanming, senior analyst at Hopefluent Real Estate Research, a branch of the Hong Kong-listed Hopefluent Real Properities   Read More ...
Buzz about expected property tax grips housing market; experts allay fears
2018-03-05 02:30:27 A prospective homebuyer looks at the model of a residential project at a property sales office in Taiyuan, Shanxi Province. (Photo/Xinhua) For more than a decade, property tax has been regarded by speculative investors as a Pandora's box-once levied, it could lead to many unforeseen situations, pushing home prices this way or that. Or so they believed. [Special coverage] However, industry insiders said property tax is merely a policy to help preserve the sanctity and function of home as a dwelling unit and prevent housing from becoming a tool for out-and-out speculative investments   Read More ...
Bank halts home equity loans in Beijing
2018-03-02 03:30:24 , as measures to rein in real estate continues. A Chinese bank has reportedly suspended home equity loans in Beijing, as such loans have came under strict scrutiny by officials in their efforts to rein in the overheated real estate market. China CITIC Bank suspended the issuance of its home equity loans of over 2 million yuan ($316,100) in Beijing to better comply with the regulations, Chinese media reports said on Wednesday   Read More ...
China's new home prices rose in January, even as top cities register decline
2018-02-26 12:17:13 China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. Average new home prices in China's 70 major cities rose 5 percent in January from a year earlier and 0.3 percent month on month, according to Reuters calculations based on the data from the statistics bureau on Saturday   Read More ...
China, voracious buyer of foreign agricultural land
2018-02-25 18:31:26 BEIJING (AFP) - A Chinese tycoon's purchase of vast wheat fields in France highlights China's increasing acquisition of foreign farmland as the Asian giant seeks to keep up with its massive population's growing appetite. With 1.4 billion mouths to feed -- one-fifth of the world's population -- but less than 10 percent of the planet's arable land, China has looked abroad to fill its food needs   Read More ...
China, voracious buyer of foreign agricultural land
2018-02-25 12:01:58 Beijing (AFP) - A Chinese tycoon's purchase of vast wheat fields in France highlights China's increasing acquisition of foreign farmland as the Asian giant seeks to keep up with its massive population's growing appetite. With 1.4 billion mouths to feed -- one-fifth of the world's population -- but less than 10 percent of the planet's arable land, China has looked abroad to fill its food needs   Read More ...
Home prices remain stable in China
2018-02-24 04:01:10 Property market remained largely stable across China in January, with home prices edging down slightly in major cities amid tough purchase restrictions, the National Bureau of Statistics (NBS) said Saturday. New residential housing prices in the first-tier cities declined last month in comparison to that of December, and the growth of the second-hand home prices also went down 0.5 percentage point   Read More ...
New frontiers: Property market to benefit from China initiative
2018-02-15 12:21:30 Kenya’s real estate market is among those set to benefit from projects being implemented under China’s ‘Belt and Road Initiative’, according to Knight Frank’s latest report, New Frontiers. The BRI was launched by China in 2013 under the banner ‘Silk Road Economic Belt’. China’s impact in real estate is already being felt, examples being the acquisition of a stake by Chinese investors in the Two Rivers development, Erdemann Property’s housing project in Athi River and AVIC’s mixed-use development in Westlands   Read More ...
Festive mood keeps home seekers on the sidelines
2018-02-13 03:01:07 New home transactions fell below the 100,000-square-meter weekly threshold again as the prevalent festive mood across Shanghai kept more home seekers sitting on the sidelines, latest market data showed. The area of new homes sold, excluding government-subsidized affordable housing, plunged 37.5 percent from the previous week to 80,000 square meters during the seven-day period ending on Sunday, Shanghai Centaline Property Consultants Co said in a report released yesterday   Read More ...
Poly Real Estate sales surge in January
2018-02-12 13:45:14 Poly Real Estate Group, one of China's largest developers, posted surging sales in January despite a cooling property market nationwide. Sales soared 106.4 percent year on year to 31.6 billion yuan (about 5 billion U.S. dollars) last month, the company said in a filing to the Shanghai Stock Exchange. It was faster growth than the 47.2-percent increase reported in 2017. The company saw net profits attributable to shareholders rise 26   Read More ...
Property firms make dash for overseas cash
2018-02-09 03:01:27 Tighter local rules push developers into offshore debt markets. Cash-strapped Chinese real estate developers continued their overseas hunt for money in January, as tighter regulation at home made it harder and costlier to raise domestic funds, according to a report on Thursday. But the trend might be derailed by further tightening of regulations at home, difficulty in raising funds overseas and exposure to exchange-rate risks, analysts said   Read More ...
Home loan credit expected to tighten this year
2018-02-07 08:30:23 The rising interest rate of home mortgage loans to first-time home buyers in Guangzhou and other first-tier cities has caused concern in the market recently, according to a report by China Securities Daily. In Guangzhou, the four major State-owned banks - Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank - announced at the start of this year the interest rates of home mortgage loans to first-time home buyers would shoot up by 10 percent and 15 percent for second-time home buyers from Feb 1   Read More ...
China's largest commercial property firm sells two Australian projects
2018-02-07 07:01:23 Just days after reportedly selling off a high profile luxury development project in London, Dalian Wanda Group has sold two of its prized Australian assets. "They did own two iconic buildings, Goldfields House right in Circular Quay and the Jewel which is a big landmark development right on the Gold Coast so they've been very visible," said Think Global CEO David Thomas   Read More ...
China to make more polluted land safe for agriculture by 2020 - minister
2018-02-05 01:41:36 SHANGHAI (Reuters) - China will try to make around 90 percent of its contaminated farmland safe for crops by the end of 2020, and will also restrict development on a quarter of the country’s territory, environment minister Li Ganjie said. Li said China would conduct a detailed investigation into soil pollution and launch pilot zones that would be used to test soil pollution prevention and treatment technologies, according to an account of a weekend meeting published by the Ministry of Environmental Protection on its official website (www   Read More ...
No casualties reported in office building fire in China
2018-02-02 07:02:14 No casualties have been reported in an office building fire in Zhengzhou, capital of central China's Henan Province, and the flames have been put out, according to local authorities. The fire broke out around 1:35 p.m. Thursday in the high-rise office building Yuansheng International, which is owned by property developer Greenland, in Zhengdong New Area, an official with the city publicity department said   Read More ...
Chinese firm's 'lucky' Australian property deal turns sour
2018-02-02 05:59:39 A Chinese developer, who purchased the Melbourne offices of Computershare 18 months ago for the “lucky” sum of $88,888,888, has sold the building at a loss in a rising property market. LYZ Property Group, a subsidiary of Nanchang-based Hengmao Group, offloaded the office leased by the financial firm on Friday in a $93.5 million deal with the ASX-listed company Abacus Property Group   Read More ...
Chinese housing market to stabilize in 2018
2018-02-01 09:30:24 A saleswoman (center) talks with customers at a real estate sales office in Huai'an, Jiangsu province. (Photo by Zhou Changguo/China News Service) China's housing market is still profitable and will suffer no dramatic ups or downs, as a long-term effective mechanism to keep the market stable is on the way. According to a report from Centaline Property Agency, among 82 listed real estate firms that announced their annual forecasting reports, 73 percent had good performances last year, and 29 of them were expected to announce their profits will surge 100 percent year-on-year   Read More ...
Hong Kong’s a Lush Country Garden for China Developers: Gadfly
2018-02-01 07:46:45 Getting tired of high-yield dollar bonds? Don’t worry, China’s innovative real estate developers can always find a way to tempt you. Profit margins in the market for dollar debt are thinning as a huge local savings pool pushes down yield premiums to almost their lowest level since 2009. Meanwhile, the Federal Reserve is dominating headlines again, with a March rate hike looking all but certain (traders are betting on a 93 percent probability)   Read More ...
Grade-A office rentals increasing in Guangzhou
2018-02-01 03:01:55 Guangzhou's Grade-A office rentals will increase steadily and the vacancy rate will maintain stable growth by the end of 2018, according to a report from real estate consultancy Colliers International. Due to the limited supply of new units, the average monthly rental price of Grade-A office rentals in Guangzhou grew 6.5 percent year-on-year to 169 yuan ($26.88) per square meter in 2017, according to the report   Read More ...
Internet giants invest in Wanda Commercial
2018-01-31 05:32:03 Commercial property giant Wanda Commercial Properties Co has signed strategic investment agreements with several internet giants to upgrade its retail business, a deal expected to pave the way for its planned initial public offering in August this year. In a statement released on Tuesday, Dalian Wanda Group-Wanda Commercial's parent company-denied the move signals its exit from China's property market. "It is a misread that Wanda Group will exit the real estate market in China   Read More ...
Wanda, Tencent partner to upgrade retail business
2018-01-30 03:31:04 Chinese commercial property giant Wanda Commercial has signed strategic investment agreements with several Internet giants to upgrade its retail business, the company announced Monday. The investor group, including tech giant Tencent, leading e-commerce players Suning and JD.com, and property developer Sunac, plans to invest about 34 billion yuan (5.37 billion U.S. dollars) to buy around a 14-percent equity interest in Wanda Commercial that is held by investors who purchased the stake upon the company's delisting from the Hong Kong Stock Exchange, the company said in a statement on its website   Read More ...
Wanda Commercial gets $5.3 bln backing from internet giants
2018-01-30 03:30:51 Dalian Wanda Group announced on Monday night that its commercial real estate arm Dalian Wanda Commercial Properties Co has signed a strategic investment agreement with four Chinese investors that would bring Wanda Commercial 34 billion yuan ($5.3 billion) in investment. Under the agreement, Tencent Holdings, Suning Holdings Group, JD.com Inc and Sunac China Group would acquire about 14 percent of Wanda Commercial's stakes held by investors after the company's delisting from the Hong Kong Stock Exchange, Wanda Group said in a statement on its website   Read More ...
Report: Beijing's grade A office rentals to drop in 2018
2018-01-25 10:30:10 Average rental rates of grade A offices in Beijing are expected to drop 1.2 percent year-on-year in 2018 during the peak time for office space, according to a report from real estate consultancy Colliers International. A total of 11 new projects will be completed in 2018, with a gross area of 1 million square meters, to provide more leasable office space in the market, according to the report   Read More ...
Xi Jinping seeks to tame China's wild property market with rental push
2018-01-25 05:00:08 SHANGHAI (BLOOMBERG) - Chinese President Xi Jinping has unleashed the world's biggest experiment aimed at taming runaway property prices. After Mr Xi used a milestone Communist Party Congress in October last year (2017) to push a housing model that emphasises renting, a flurry of activity is underway by developers, banks, local governments and even the biggest stock exchange. The push is the first of a package of programmes, including a long-awaited property tax, poised to unfold over several years to rein in one of the world's wildest real estate markets   Read More ...
What’s Next in China’s Bid to Cool Housing Market: QuickTake Q&A
2018-01-25 04:46:13 China’s housing market has a history that’s short by global standards, since private homeownership only began in 1998. But what a two decades it’s been. Home prices have skyrocketed, creating a mentality that real estate is a one-way bet. The government’s sporadic bouts of tightening limits on property sales, then easing them, has often exacerbated the frenzy by prompting speculators to second-guess policy changes   Read More ...
More rental units and affordable housing
2018-01-24 02:31:10 Shanghai will make more effort in fostering its residential leasing market this year by speeding up real estate development as well as offering support for professional home leasing companies and institutions, Shanghai Mayor Ying Yong said. He was speaking at the first session of the 15th Shanghai People's Congress yesterday. The city aims to add a total of 290,000 leasing units, including newly built rental apartments, to the local market in 2018 and set up a home leasing service platform, Ying said as he delivered the city government's work report   Read More ...
China’s Housing Market Is Like a Casino. Can a Property Tax Tame It?
2018-01-23 01:23:19 In October, Xi Jinping, China’s president, told the nation that “houses are built to be inhabited, not for speculation.” Real estate fervor was on display on a chilly recent morning at an apartment complex in the eastern city of Nanjing. Would-be buyers spent the night in tents and under quilts, lined up for a chance to buy. So many cars arrived, according to people who were there and photos that went viral on social media, that traffic seized up for a mile around the sales office   Read More ...
China's property loan growth slows in 2017
2018-01-19 17:00:51 Loans to China's real estate sector expanded at a slower pace in 2017 amid tough purchase restrictions, central bank data showed Friday. At the end of 2017, outstanding loans to the property sector stood at 32.2 trillion yuan (about 5 trillion U.S. dollars), up 20.9 percent year on year, according to a report from the People's Bank of China. The growth was 6   Read More ...
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 ...