Asia Pacific real estate investment news and information
China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.
The country’s National Audit Office issued a statement… Read More>>
In the face of rocketing housing costs and rising public discontent, the Chinese government has been pushing to establish a public housing program to provide opportunities for ordinary citizens to buy homes.
In a not unfamiliar twist, a recent audit… Read More>>
Since China gradually began pumping the brakes on an overheated housing market two years ago it has been waiting for the economy to move away from a dependence on land and housing sales. The desired transformation finally started to hit… Read More>>
