Tag: Real Estate

Second-tier cities see soaring land-transferring fees amid heated property market

Dominant second-tier cities, including Hangzhou, Hefei, Suzhou and Nanjing, reportedly witnessed an upsurge in land-transferring fee, mainly due to the continuously climbing housing price this year. According to the Research Center of Centaline Property Agency,…


CCP POLITBURO VOWS TO CONTAIN REAL ESTATE BUBBLE INTO REST OF 2016

At its most recent meeting on July 26, China’s politburo vowed to prioritize cutting inventory, leverage, cost and make up for weak links in the Chinese economy into the latter half of this year. Even…


GEMDALE GROUP PAID 8.8 BILLION YUAN FOR SINGLE LAND PLOT

Gemdale Corporation, one of China’s largest and leading real estate developers, snapped up a land parcel near Shanghai’s Pudong International Airport for 8.8 billion yuan ($1.3 billion) on a 286% premium rate to the starting…


SHANGHAI SEES RISE IN OFFICE VACANCY RATE DUE TO CRACKDOWN OF P2P FINANCIAL PLATFORMS

Real estate agency Savills predicts that the vacancy rate of Shanghai’s Grade-A office buildings would hit 13.3% by the latter half of 2017, as corroborated by other leading agencies arguing that vacancy rates would rise…


CASS SUGGESTS POSSIBLE ADJUSTMENT IN PROPERTY MARKET

Chinese Academy of Social Sciences (CASS), the official academic research organization, released a 2016 interim report on real estate development in China on Jul 6 noting that China’s housing sales are expected to hit a…


China’s over-heating real estate market witnesses slide in June

Transaction volume in China’s real estate sector saw an overall decline of 5% on a monthly basis in Jun, marking the third consecutive monthly decline, according to a report on property markets among 50 Chinese…


Chinese investors likely swarming to UK following Brexit

Among various market and stock plunges after Britain voted to leave the EU last Friday, speculation and interest in investment in the nation’s real estate market has evidently taken the other way. Property prices in…


Australia taxes foreign property buyers as Chinese crowd out locals

Sydney is rolling out new taxes on properties purchased by foreigners, amid a huge spike in property investments by predominantly Chinese investors in recent years and crowding out Australian buyers. Specifically, the tax proposed is…


Land kings pushed by state-owned enterprises

Cinda Real Estate, a state owned property developer, on Jun 1 paid the highest premium so far this year of about 37,000 yuan per square meter for a 106,400-square-meter residential plot in Shanghai’s Baoshan District,…