A survey this month of economists and analysts tracking China’s real estate sector found that nearly three-quarters of the market experts expect a return of preferential mortgage rates for first-time buyers in the coming months. The shift in credit policy… Read More>>
Buyers Now Abandoning Homes in Wenzhou as Prices Slide
The city of Wenzhou in Zhejiang province has long been known as a centre for entrepreneurial zeal, but after nearly three years of sliding home prices it is becoming known for something else innovative in China – walking away from your… Read More>>
Shanghai Office Rents Stable as New Towers Debut
Grade A office rentals in Shanghai held fast during the second quarter, despite three major new buildings coming on the market. However, the outlook for 2015 and beyond could hold trouble for some projects as the city now has more… Read More>>
China Allows Mortgage-Backed Securities as Funding Channel
China moved to prop up funding for individual homebuyers today by allowing the country’s first offering of mortgage-backed debt sales, after banning the financial products in 2007 after they helped bring about the meltdown of the US economy.
According to… Read More>>
Half of China’s Real Estate Royalty Drop Out of 100 Richest Families
While China’s real estate downturn has yet to create the kind of distress seen in the US in 2008, it still is taking a toll on the fortunes of the country’s commercial kings and queens, according to Fortune magazine.
In… Read More>>
Apple to Open Latest China Retail Store in Chongqing
Apple will open its eleventh store in China on Saturday as the US electronics firm continues to enjoy mad popularity in the world’s second-largest economy, despite recent criticism from local media.
The latest official outlet for Apple will be at… Read More>>
Greenland Group Teams with Packer for Brisbane Casino Bid
China’s most aggressive overseas investor has teamed up with Australia’s second-richest man in a race to win the rights to a multi-billion dollar casino development in Brisbane, Australia. In a joint venture first reported on Friday, Shanghai’s Greenland Group plans… Read More>>
Evergrande Real Estate Offers Down-Payment Loans to Boost Sales
Guangzhou-based developer Evergrande Real Estate has begun offering down payment loans that allow buyers to purchase a home with no cash down, as China’s real estate firms search for incentives to stimulate sales.
The sales promotion program from China’s third-largest… Read More>>
China Real Estate People in the News 2014-07-21
This week China’s real estate professionals continue to be on the move and on the way up, with two more promotions at JLL, and moves up at mall developer K11 as well as a new face with DTZ’s valuation department… Read More>>
China Housing Prices Fall in 55 Out of 70 Cities
China’s housing market is now sliding nationwide, as government statistics released on Friday show falling home prices have spread to 55 of 70 cities surveyed. The drop in housing sales and average prices comes as developers struggle with a glut… Read More>>
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