Here is a list of the day’s latest China real estate news collected from around the web:
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Shanghai Eases China Property Restrictions Say Local Media
Shanghai eased home purchase restrictions to allow a broader pool of buyers to purchase a second property in China’s financial center, Shanghai Securities News reported today.
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China Stocks Rise for Fourth Day on Property Easing Speculation
China’s stocks rose for a fourth day on speculation Shanghai, the nation’s financial center, will relax property curbs to prevent slumping home prices from undermining the world’s second-biggest economy.
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China Manufacturing Data Shows Risk of Deeper Slowdown: Economy
China’s manufacturing may shrink for a fourth month in February, indicating the world’s second- biggest economy remains vulnerable to a deeper slowdown as Europe’s crisis caps exports and the housing market cools.
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Hong Kong Stocks Rise for Second Day on China Easing Speculation
Hong Kong stocks rose for a second day, with the Hang Seng Index adding to a six-month high, amid speculation China may further ease policy to boost growth.
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Best Buy’s Fivestar Plans Layoffs After 50 Percent Sales Drop
Fivestar, a subsidiary of electronics retailer Best Buy, is apparently planning large-scale layoffs due to poor performance in January this year. An insider disclosed on February 15th that Fivestar’s January sales dropped 50 percent from a year earlier.
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Property sales in Beijing and Shanghai rebound
Property sales in Beijing and Shanghai rebounded last week, industry sources reported on Tuesday. A total of 2,186 apartments, including both new homes and pre-owned properties, were sold in Beijing last week, 30.2 percent more than the previous week.
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Bank loans to real estate developers fall
BANK loans to property developers in Shanghai fell 9.6 percent last year as the Chinese government’s harsh measures on the real estate market to curb speculation and price rises made it difficult for them to get funding.
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