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>>
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.”
The Shanghai government today announced modifications to its rules punishing owners and developers of commercial-titled apartments after hundreds of homebuyers protested the policy measures over the weekend.
In a statement posted on the city’s Housing and Urban-Rural Development office website… Read More>>
As China’s real estate market spiked in 2016, dozens of Chinese cities followed central government directives and announced local measures to tackle rapidly rising home prices.
These local tightening moves primarily came in the form of controls designed to reduce… Read More>>
It could be a lack of land, or it could be a failure to develop alternative investment opportunities, but it’s probably more satisfying to blame China’s ever-rising home prices on rascally real estate brokers.
Frustrated in its attempts to dampen… Read More>>
Frustrated in its attempts to dampen demand for new housing among Chinese homebuyers, China’s chief housing regulator is aiming its regulatory might at real estate developers, as the government shows its determination to cool down an ever-rising property market.
On… Read More>>
With China home prices at record levels in many of the country’s largest cities, residential land supply in first-tier cities in China – such as Beijing, Shanghai and Guangzhou – increased by over 50 percent from the same period a… Read More>>
Wang Jianlin will finally get his wish come September this year, after rounding up support to de-list Wanda Commercial Properties from the Hong Kong exchange, in favor of a mainland listing. Meanwhile, GLP teams up with a state-run manufacturer to… Read More>>
In a surprise move to boost home sales, China’s government has cut down payment requirements for purchases of additional homes to 20 percent from 30 percent in most cities, for buyers who do not have loans on their existing properties.
Since coming to power two years ago, Xi Jinping has tightened his grip on everything from Internet gossip to official corruption, now it appears that China’s new leadership is asserting authority over the aesthetics of new buildings.
And according to… Read More>>