Despite a drop in unsold inventories of property in May, the mainland still faces an uphill battle destocking millions of square meters of oversupply.This unsold overhang, coupled with diverging market performance nationwide, is leading governments in some second and third-tier… Read More>>
Cinda Pays 303% Over Opening Price to Buy Shanghai Land at Auction
Cinda Real Estate established itself as China’s new land king this week by paying RMB 5.8 billion ($870 million) for a plot of land in Shanghai’s Baoshan district.
The land purchase marked the third time in less than seven months… Read More>>
China Land Sales Revenue Fell 21% in 2015
Sales of land in China fell to RMB 3.37 trillion in 2015, down by 21.6 percent compared to 2014, as local governments cut back on new site auctions, according to official figures released by the Ministry of Finance.
The newfound… Read More>>
Shanghai Chief Vows Housing Price Crackdown as Home Sales Surge
New restrictions on property development and home sales could be on the way in Shanghai as the city struggles with housing prices that rose nearly two percent last month.
Apparently fearing the beginnings of a bigger surge, such as the… Read More>>
Gemdale Buys Shanghai Site for Record Price
State-owned developer Gemdale Group beat out 16 competitors to pick up a residential site in Shanghai’s Jiading district for RMB 2.01 billion ($315 million), setting a new record per square metre for housing in the suburban area.
Gemdale’s bid was approximately… Read More>>
Improving Home Sales Fail to Revive China Real Estate Investment
Several months of policy tweaking by Chinese authorities appears to have revived home sales, but the country’s all important real estate sector has yet to see a revival in investment levels, according to newly released figures from China’s National Bureau… Read More>>
China Home Sales Grow in April For First Time in a Year
China’s housing market continued to show signs of recovery in April with sales of new homes climbing on a annualised basis for the first time in over a year.
Sales of new housing nationwide grew to RMB 485.4 billion ($78.2… Read More>>
Land Sales Fall 25% as China’s Developers Go on a Diet
Land sales for property development fell by more than 25 percent last year in China, as the country’s real estate industry struggles to cope with falling housing prices and rising land costs.
According to China’s Ministry of Land and Resources,… Read More>>
What Downturn? SOE-Led Group Pays Record $1.39B for Beijing Land
China’s real estate market may still be stuck in an eight-month long slide but China’s real estate developers still are eager to buy more land – at least in China’s largest cities. So eager that they are willing to pay… Read More>>
Standard Chartered Survey Finds Major Gloom Among China Real Estate Developers
While some analysts are predicting that the decision by China’s government to loosen home purchase restrictions will lead to a rapid recovery in the housing market, a recent survey by Standard Chartered shows that the people who need to borrow… Read More>>
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