A charitable loan leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Hong Kong developer has offered the use of 500,000 square feet of land to the government for social housing for… Read More>>
Hong Kong Wins Housing Misery Contest for 9th Straight Year
Hong Kong housing has been ranked as the least affordable in the world for a ninth straight year, according to the results of a survey published today by non-profit group Demographia.
The median home price in the Asian financial capital… Read More>>
Canada Slaps Tax of Up to 20% on Foreigners Buying Vancouver Homes
Canadian authorities have slapped a tax of up to 20 percent on overseas buyers purchasing homes in Greater Vancouver. The move by the British Columbia authorities comes amidst growing public outcry over runaway housing prices perceived to be fuelled largely… Read More>>
UBS Says Shanghainese Need to Work 140 Extra Hours for Their iPhones
While Hong Kong and Tokyo usually spring to mind as the most expensive cities in Asia, a new report by Swiss banking group UBS shows that, when average wages are factored in, Beijing and Shanghai could actually be less affordable… Read More>>
National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing
China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.
The country’s National Audit Office issued a statement… Read More>>
Housing Misery Maps Going Viral on China’s Weibo
The depressing economics of China’s housing bubble are going viral on the Weibo microblogging platform this week as a series of maps is sparking discussion among the country’ netizens about the unaffordability of homes nationwide.
The maps, which compare and… Read More>>
Chinese Company “Prints” Ten Houses in One Day
Many historians can tell you that the Chinese invented typesetting hundreds of years before Gutenberg, and now it appears that a company from the Middle Kingdom is leading the way in printing whole houses.
Shanghai’s WinSun Decoration Design is now… Read More>>
Beijing Draws 140k Applications for Affordable Home Offering
More than 140,000 families are lining up for only 2,000 homes on sale in a new affordable housing project in Beijing as China’s nascent low-cost housing scheme struggles to meet demand.
The Beijing project is located along the fifth ring… Read More>>
Chinese Media Look for New Property Approach as Policies Fail
Two of China’s leading official newspapers publishes critiques of the nation’s attempts at controlling home prices last week, as home prices have continued to rise despite several rounds of new restrictions over the past four years.
While none of the… Read More>>
China Real Estate Mogul’s Tax Evasion ‘Excuses’ Rejected – Today’s China Real Estate Links | November 27, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Property mogul Ren Zhiqiang’s rebuttal of a China Central Television (CCTV) report… Read More>>