Here is a list of the day’s latest China real estate news collected from around the web:
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JP Morgan Says China Home Prices to Rise 3-5 Percent in 2013
China’s home prices may rise 3 to 5 percent next year, given a stable real estate policy, JP Morgan said in a research note on Monday.
“As the housing market gradually stabilizes and the government continues the existing property tightening measures, we expect that national house prices will increase modestly by 3-5 percent in 2013,” said Zhu Haibin, an economist with JP Morgan. “A strong rebound or sharp decline in house prices is unlikely in the near term.”
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Chengdu land official investigated for corruption
A senior land official in Southwest China is being investigated on suspicion of serious violations.
Mao Yixin has been under investigation since Sept 28 and is alleged to have links to a real estate project, Beijing News reported.
Party disciplinary authorities said 38.7 million yuan ($6.2 million) in cash was found during a search at his home. -
More Chinese to migrate, invest overseas
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.
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China’s property market seems destined for better days in 2013
FOR more than a week, real estate broker Jack Sun seldom got home from work before 11:30pm. He’s not complaining. After a tough 2011 in an uncertain market, the 25-year-old has reason for renewed confidence.
Sun works for Tospur, one of China’s leading property research and brokerage houses. He’s been working more than 12 hours a day since late November on pre-launch preparations for a commercial title apartment project in the heart of one of the city’s major residential communities beyond the Outer Ring Road.
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