Here is a list of the day’s latest China real estate news collected from around the web:
- Shanghai: One house policy for singles
According to a policy released by Shanghai Real Estate Trading Center, if a single Shanghai householder has an apartment already registered under the owner’s name, they are unable to purchase another property, China Securities Journal reported May 15. As the report said, under the old policy that released in 2011, one single native person in Shanghai can buy a second house after the first one is registered under the owner’s name.
- People’s Daily Says Real Estate Market Showing Signs of Recovery
After having cooled down in recent months, the real estate market in China is showing signs of recovery, due to pent-up demand, encouraging measures by local governments and easing macroeconomic policy, analysts said yesterday. “Buyers who need apartments for their own use and who have been waiting for the right time to purchase since last year have started buying, as many real estate developers have cut house prices by 10 to 20 percent over the past few months,” said Yin Bocheng, director of the real estate research center at Shanghai-based Fudan University.
- China’s Hong Kong Home-Buying Influx Wanes, Midland Says
Mainland Chinese investors accounted for a smaller percentage of Hong Kong’s new home sales for a second quarter as the nation’s banks tightened lending while local buyers returned to the market, Midland Holdings Ltd. (1200) said. Mainland purchasers made up 36.8 percent of all new home sales by value in the first quarter, from 37.9 percent in the previous three months, Hong Kong’s biggest publicly traded realtor said in an e-mail yesterday.