Here is a list of the day’s latest China real estate news collected from around the web:
Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble.
Prices of new homes in 288 cities in December rose 0.37 percent in December from November, when they had risen 0.77 percent, a poll by real estate services firm E-House China showed on Wednesday.
The failure of the country’s taxation agencies to perform their duties was the main cause of the country’s largest real estate developer’s delay in paying land appreciation tax (LAT), analysts said Wednesday.
China Central Television (CCTV) aired a report Monday alleging that China Vanke Co failed to pay more than 4 billion yuan ($660 million) in LAT by the end of 2012.
Beijing-based architect and designer Naihan Li has never been all that comfortable with the soaring towers of steel and glass that have quickly overtaken the rapidly urbanizing landscape of China. So at the Beijing Design Week in 2012, she introduced a novel, cathartic product: scale models, in candle wax, of some of the tallest skyscrapers in the world.
Now, you can buy your very own candle versions of these iconic structures, including 53 centimeter models of the Shanghai World Financial Center and the Taipei 101 tower. Bundshop, a store and agency for Chinese artists and designers, is selling individual candles online.
Aloft Hotels, part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), announced the opening of Aloft Yancheng in Jiangsu Province of eastern China. Owned by Yancheng Powerlong Real Estate Development Co.,Ltd, the hotel is the first international hospitality brand in this up-and-coming metropolis, and the seventh Aloft hotel in China. Designed for the next generation of traveler, the hotel features urban-inspired design, tech-forward touches and a vibrant social scene featuring live music performances as well as 299 stylish guestrooms, 380 square meters of meeting space.
“From the recent opening in Dalian to Aloft Yancheng, Aloft reflects a growing demand for design-led hotels with a lively social scene in emerging cities,” said Qian Jin, President, Greater China, Starwood Hotels & Resorts. “We are thrilled to add Yancheng, an ideal location, to our robust portfolio in China.”
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