Here is a list of the day’s latest China real estate news collected from around the web:
China’s central bank may cut the interest rate in the second and third quarters this year, as the economies in the EU and US slow down further while domestic inflation pressure gradually eases, economists said on Saturday.
TWO Chinese developers yesterday paid the asking price of 1.7 billion yuan (US$270 million) for a land parcel in Shanghai’s Putuo District amid a lackluster market sentiment while the local land authority’s high criteria may have deterred other firms from bidding.
China’s stocks rose, capping a sixth week of gains for the benchmark index, on speculation local governments are relaxing restrictions on the property market and an improving global economy will spur Chinese exports.
More than 80 percent of the listed Chinese property developers posted year-on-year declines in transaction area in January, and an increasing number are beginning to offer discounts amid a sluggish market and continued real estate curbs, reports Xinhua News Agency, citing E-house China R&D Institute.
China’s Premier Wen Jiabao is seen signaling next month that curbing pollution, inequality and the risk of financial instability eclipse the benefits of faster economic growth, a survey of analysts indicated.
Xinyuan Real Estate , a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced its unaudited financial results for the fourth quarter and full year 2011.
Singapore’s private home purchases by foreigners rose 20 percent in 2011 even as demand from Singapore citizens and residents fell, DTZ Holdings Plc. Foreigners bought a record 5,246 housing units last year, surpassing the earlier record of 4,982 units in 2007, the property brokerage said in a report.
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