Home Prices Rise in 53 of 70 Chinese Cities – and more of today’s China Real Estate Links | December 19, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• Home Prices Rise in 53 of 70 Chinese Cities

  More Chinese cities saw home prices rise month on month in November amid the government’s strict measures to cool the sector, the National Bureau of Statistics (NBS) said on Tuesday.

  In November, 53 out of a statistical pool of 70 major cities recorded higher new home prices than a month earlier, NBS statistics showed. This was up from 35 in October.

• Former mayor of Chengdu focus of graft probe

  A land auction is at the center of an investigation focusing on a former Chengdu mayor, Li Chuncheng. The Communist Party’s anti-graft watchdog is probing Li, who was ousted as the Sichuan Province deputy party chief and removed from party ranks.

  Li served in November as a Central Committee alternate at the 18th party congress, a sign his political career had been rising.

• Land transfer fee hits 16-month high in November: report

  Land transfer fees hit a 16-month high in ten major Chinese cities, the Beijing-based Caixin.com reported, citing a report released by a real estate consulting firm Monday.

  Some 66.3 billion yuan ($10.63 billion) was collected in November, up 23 percent month-on-month, according to E-house China R&D Institute.

• Critics say Beijing’s new broom is sweeping over details

  CHINA’S incoming leadership is promising to maintain the nation’s strong growth and keep opening up to the rest of the world, but there are concerns the new administration is glossing over the details of its reform agenda.

  The Communist Party’s Central Economic Work Conference, held in Beijing at the weekend, voted to implement “prudent” monetary policy and “proactive” fiscal policy next year to support growth.

• More Chinese to migrate, invest overseas: report

  A report on China’s migration status released Monday says more Chinese will migrate overseas in the coming years.

  According to the Annual Report on Chinese International Migration 2012, the main factors driving such migration include a pursuit of richer educational resources, safer investment environments and improved quality of life.

• Shin Kong Tower is priciest real estate in Taipei for 15th year

  The land that the Shin Kong Tower sits on will continue to be the most expensive in Taipei next year, winning the title for 15 years in a row, city officials said yesterday.
  The land occupied by Taipei 101, meanwhile, comes in second, although the price difference between the two has narrowed to 2 percent. Whether the land for Taipei 101 will replace Shin Kong as the city’s most expensive in the near future remains to be seen, experts said.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.