With liquidity continuing to flow into China’s financial system, the country’s property developers have more cash on hand for their battle for new sites, and there are signs from Wuhan, Xiamen and even Nantong that some of the nation’s top… Read More>>
China Home Price Growth Slows and Cities Loosen Sales Rules
Home price growth in China declined to its slowest place in nearly a year during the first two months of 2019, according to official government statistics released on Friday, as purchase restrictions put in place last year continued to dampen… Read More>>
Hunan City Reverses Course as Beijing Reaffirms Property Market Controls
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>>
China Home Price Growth Slows to Under 1% in November
Home prices in China’s largest cities continued to go into lock-down mode in November, according to data released over the weekend, as a months-long government crackdown continues to retard growth and snuff out sales.
Across 70 cities surveyed by China’s… Read More>>
Land Sales to Add Over 3,200 More Rental Homes to Shanghai Housing Pipeline
The Shanghai city government is putting up for tender three new residential sites with a planned construction area of just over 210,000 square meters, bringing its yearly proffering of residential land to more than two million square meters, according to… Read More>>
China’s MOHURD Rolls Out Social Credit System for the Real Estate Industry
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>>
China’s Guangdong Province Mulls Ban on Condo Pre-Sales in Latest Blow to Developers
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s real estate developers.
The provincial branch of China’s Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice… Read More>>
Beijing Cracks Down on Illicit Loans for Land Purchases
The average price of buying a new home in China rose five percent in June compared to the same month in the previous year, but Beijing’s home price inflation firefighters are already showing their readiness to keep the city’s rekindled… Read More>>
China Cuts Resettlement Subsidies to Cool Market and More Asia Real Estate Headlines
The authorities in Beijing have come up with yet another move to cool down the real estate ardor of their 1.4 million constituents, as the housing said it will limit loans for resettlement payments. Also in the news, China’s CIC… Read More>>
China’s Housing Ministry Inspects 30 Cities in Two Weeks to Exterminate Housing Speculators
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.”
