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Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Hong Kong Budget Scraps Stamp Duties to Boost Struggling Housing Market

2024/02/28 by Kevin He Leave a Comment

Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted housing market slump that has seen residential property prices slide to seven-year lows.

In his annual budget speech to… Read More>>

Wang Menghui MOHURD

Hunan City Reverses Course as Beijing Reaffirms Property Market Controls

2019/01/01 by Jan Kot Leave a Comment

It’s a new year already, but China’s housing regulators have reaffirmed their intention to keep a tight grip on the country’s housing market, as the second-largest city in Hunan province made a quick about-face after attempting to lift a cap… Read More>>

Heze Shandong

Shandong City Lifts Ban on Flat Flipping and More Asia Real Estate Headlines

2018/12/19 by Michael Cole Leave a Comment

In each cycle of policy restrictions and market slowdowns mainland municipal governments squeezed by falling revenues look to test the limits of Beijing’s tolerance, with a city in Shandong province testing the strength of that leash today. Also in the… Read More>>

Xi Jinping

China’s MOHURD Rolls Out Social Credit System for the Real Estate Industry

2018/11/11 by Emma Zhou Leave a Comment

To follow through on President Xi Jinping’s vow of “homes are for living, not for flipping”, China’s primary real estate regulator on Thursday announced penalties for companies which mislead customers and cheat on regulations designed to promote transparency in the… Read More>>

Xi Jinping

China’s Housing Ministry Inspects 30 Cities in Two Weeks to Exterminate Housing Speculators

2018/07/12 by Michael Cole Leave a Comment

Since the end of June China has moved to clamp down further on housing speculation as the government shows its determination to enforce President Xi Jinping’s vow at last year’s party congress that, “homes are for living, not for flipping.”

… Read More>>

Guo Shuqing CBIRC

Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown

2018/05/12 by Shawna Kwan Leave a Comment

Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.

The city saw some 13,550… Read More>>

China Home Prices Rise in 57 of 70 Cities After First-Tier Markets Frozen

2018/01/18 by Shawna Kwan Leave a Comment

Home prices are rising across China, but smaller cities are getting most of the action, the latest official data shows.

New home prices, excluding government-subsidized housing, rose in 57 out of 70 cities nationwide in December, according to figures from… Read More>>

Li Keqiang

China Bans Condo Flipping in Second Tier Cities

2017/09/25 by Greg Isaacson Leave a Comment

China wants its citizens to know that housing is for living, not for flipping. In the country’s latest regulatory move to dampen speculation in the residential market and rein in buoyant prices, eight second-tier cities including Chongqing have rolled out… Read More>>

China Home Prices

Mainland Developers Push Parking as Govt Dictates Home Prices

2017/08/31 by Greg Isaacson Leave a Comment

Beleaguered home buyers in China’s largest cities look like they’ve caught a break this year, as average housing prices in Beijing slid 0.1 percent in July and subsided by 0.2 percent in Shenzhen after growing more than 40 percent last… Read More>>

Shanghai protestors

Shanghai Homebuyers Protest Govt Ban of Commercial-Titled Homes

2017/06/12 by Greg Isaacson Leave a Comment

Hundreds of chanting protesters took to the streets to voice their displeasure with new housing regulations in Shanghai on Saturday night, with video surfacing on social media of a large crowd marching in a busy downtown shopping district and ultimately… Read More>>

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