Here is a list of the day’s latest China real estate news collected from around the web:
Developers bought a cemetery and paid villagers to relocate the remains of their loved ones. All except one. The grave has not been moved as the family is waiting for an auspicious date to do so and a reason from the developer for choosing this site, according to the owner of the tomb.
The developers are now offering to pay nearly $160,000 to have it moved. The building is scheduled to be completed by April 2013, but for now, construction continues around the gravesite.
One Chinese developer has a unique solution for an area of China with some of the world’s worst pollution problems.
Yan Jiehe, a 52-year-old former teacher turned self-made construction mogul, is behind an ambitious plan to level 700 mountains near Lanzhou to build an entirely new city.
Sales of upscale housing in Beijing reversed a previous downward trend to record a sharp increase in November, driven by appetite from foreign buyers and relatively cheap loans, local real estate consulting agencies have said.
Luxury housing, mainly villas priced about 50,000 Yuan (US$7,948) per square meter, saw hefty sales of 412 units in November, up 52 percent year on year and 84.8 percent month on month, according to Beijing-based Yahao Real Estate.