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Category Archives: China housing
CHINA RESIDENTIAL MARKET REMAINS HEALTHY
CLSA’a Andy Rothman remains optimistic on China and its housing sector: Our view on the residential market is based in part on our belief that housing fundamentals in China are very healthy – – strong demand, primarily from owner/occupiers; very … Continue reading
CHINA DEVELOPERS CUT PRICES
More property developers have began to cut prices and adjust their business portfolios to cope with sluggish transaction numbers due to government tightening of the real estate sector. According to Li Wenjie, general manager of property agency Centaline China’s North … Continue reading
Posted in ***CHINA WATCH, China economy, China housing, ECONOMY, HOUSING
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China to start levying property tax in 2012
China looks set to start levying property tax in 2012 on a trial basis, sources from the Ministry of Finance said. "Property tax will first be rolled out in several cities in a pilot program," the National Business Daily reported … Continue reading
Posted in ***CHINA WATCH, China economy, China housing, ECONOMY, HOUSING
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China Land Price Growth Slows
Land prices in 105 major Chinese cities rose 1.5% in the second quarter from the first quarter, and were up 9.3% from a year earlier at 2,756 yuan (about $407) per square meter, the Ministry of Land and Resources said … Continue reading
Posted in ***CHINA WATCH, China housing, HOUSING
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China’s housing prices grow slower in June
Housing prices in major Chinese cities rose 11.4 percent year-on-year in June, one percentage point lower than the increase in May, the National Bureau of Statistics (NBS) said Monday. This was the second consecutive month that China’s property prices grew … Continue reading
Posted in ***CHINA WATCH, China economy, China housing
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China Property Soft Landing?
(…) But if Mr Xu, China’s minister of land and resources, is anticipating a repeat of the last, very orderly decline in house prices, he may be disappointed. Last time the nationwide property index dropped on a year-on-year basis, it … Continue reading
Posted in ***CHINA WATCH, China housing, HOUSING
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China Property Market Weakens
What the doctor ordered. Beijing will likely relax. Developer willingness towards starts fell again this month. No developer in the most recent survey thought now is a good time for starts; 58% of the respondents thought it is definitely not … Continue reading
Posted in ***CHINA WATCH, China housing
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China Vanke sales rise 28% in June
China Vanke Co, the country’s largest property developer by market value, said Monday that its sales revenue in June rose 27.9 percent from a year earlier despite the government’s tightening moves. In a statement filed to the Shenzhen Stock Exchange, … Continue reading
Posted in ***CHINA WATCH, China economy, China housing, HOUSING
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Chinese Housing: Another Popping Sound?
From ft.com’s beyondbrics China Vanke – the country’s biggest property developer is slashing prices for its new properties by 20 per cent, according to reports in China Business News and the Shanghai Morning Post. The reports, brought to our attention … Continue reading
Posted in ***CHINA WATCH, China housing
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China Home Prices Up 12.4% in May
Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year on year in May, the National Bureau of Statistics (NBS) said in a statement Thursday. The growth rate was 0.4 percentage points lower than that of … Continue reading
Posted in ***CHINA WATCH, China housing
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QUICK READS
Franc Hits Record High Against Euro The Swiss franc leapt to a new record high against the euro, while the pound slumped after a warning from Fitch Ratings on the U.K.’s finances. (WSJ) Honda Hit by Second Strike in Southern … Continue reading
Posted in China housing, MARKET STATS
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China Vanke Sales Drop in May
China Vanke Co, the country’s largest property developer by market value, announced on Sunday that its sales revenue in May decreased 20.2 percent from a year earlier amid the government’s tightening moves. In a statement filed to the Shenzhen Stock … Continue reading
Posted in ***CHINA WATCH, China housing
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