An announcement by the Beijing Municipal Commission of Housing and Urban-Rural Development on December 16th made clear that China’s capital plans to keep in place restrictions on the residential real estate market designed to control housing prices. However, the Commission also… Read More>>
Shanghai Luxury Real Estate Developer Offers 20% Rebates
Luxury residential developer Star River announced on its website recently that it would be offering rebates of 15 to 20 percent or more to buyers of units in its new projects in Shanghai. In order to prevent having unhappy recent… Read More>>
China Hikes Interest Rates to Control Prices
As was widely expected, on Tuesday China’s central bank used the Lunar New Year holiday as an occasion to raise interest rates for the third time since October. The measure is the latest in a series of moves to tame… Read More>>
Developers at Land Auction Undeterred By New Tightening Measures
On January 30th, Shanghai’s first land auction after the introduction of the property tax saw state-owned real estate developers undeterred in their appetite for new sites. At the auction, Greenland Group acquired a 106,000 sqm parcel zoned for mixed-used… Read More>>
Shanghai Real Estate Roundup
The following is a round up of real estate news from Colliers Market Beat. I will be posting this daily to help Mingtiandi readers to keep up on what’s going on in eastern China’s property market.
RESIDENTIAL
Shanghai… Read More>>