Market leading China real estate developer Vanke saw its sales revenues drop 30 percent in December compared to the same month last year, the fifth straight month the home seller has seen declining income figures.
At the same time, the… Read More>>
China Government Land Sale Income Drops 13 Percent in 2011
Income to China’s local governments from land sales dropped 13 percent during 2011 according to statistics from the China Index Academy (part of Soufun.com) and the Ministry of Finance.
Land sales revenues in 130 cities across China totaled RMB 1.86… Read More>>
China Home Prices Fall for Fourth Month
According to recent data from China real estate website, Soufun.com, the nation’s home prices slid for the fourth straight month in December as the government made clear that it has no immediate plans to relax its controls on the property… Read More>>
China Issues New Rules Restricting Land Banking
In yet another occurrence of one of my favorite China legal paradoxes, the central government has issued new regulations further restricting land banking — a practice that was already largely prohibited through a 2005 measure that was widely ignored and… Read More>>
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