Here is a list of the day’s latest China real estate news collected from around the web:
- Official: Beijing researching property tax
Authorities in Beijing are conducting “basic research” into a property tax for the city, a local housing official has said, as the market watches whether the Chinese capital will follow the steps of Shanghai and Chongqing to curb speculation.
- De Beers eyes sparkling China sales with retail push
De Beers, the world’s largest diamond miner by value, is pushing further into China this year, opening at least six new retail stores in the country through its joint venture with luxury conglomerate LVMH (LVMH.PA), to cash in on sparkling demand.
- Mainland Chinese eye global real estate
Slower growth and doubts about accounting are leading international investors to rethink China. That’s precisely what the Chinese themselves are doing. As they diversify beyond the borders of the Middle Kingdom, the value of global property assets could benefit.
- Citigroup Study Shows Asian Rich Topping North American
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s (C) private bank said.
- Minhang District Party Official Jailed for Life on Dirty Real Estate Deals
THE former deputy Party Secretary of Meilong Town, Minhang District, was yesterday jailed for life for corruption, bribe taking and embezzlement totalling more than 28 million yuan (US$4.45 million).