China Property Market

山西新楼盘现“泡沫墙” 上百业主拒收房 [1/6]
http://photo.cntv.cn/2015/08/06/PHOA1438....shtml#g=1

BEIJING: China's top economic planner said on Monday the property market was likely continue to improve in the second half of this year, a good sign for the broad economy.
China's consumer prices are expected to stabilise and start to pick up in the second half of 2015, the National Development and Reform Commission(NDRC) said on a statement on its website.
China's annual consumer inflation remained muted at 1.6% despite pork prices surging in July, and in line with forecasts and slightly higher than June's 1.4%.- Reuters

Now they open up... and that's Chinese for you...

China eases rules on foreigners buying homes

Published


BEIJING • China loosened restrictions on foreign investment in real estate after the yuan's depreciation reduced the appeal of Chinese property assets.
Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs", the Chinese authorities said in a statement.
Requirements that foreign investors should have paid their registered capital in full before taking local loans have been removed, according to the statement, dated Aug 19.


The move came as China's first major devaluation since 1994 this month made inbound investments, already dampened by high property prices and a weakening growth outlook, "worthy of a careful pause", according to realtor Jones Lang LaSalle.
The revisions to restrictions introduced in 2006 aim to ensure "stable and healthy" growth of the property market, said the statement from the central bank.
The 2006 rule banned foreign citizens living and working in China for less than a year from buying a home in the country, among other restrictions.
Non-Chinese home buyers accounted for 0.5 per cent of existing-home transactions in Shanghai last year, according to Centaline.
The growth in China's property development investment slumped by almost 10 percentage points from a year earlier to 4.3 per cent in the first seven months of this year.
This situation came as developers' confidence sagged, putting pressure on an economy that was already slowing.
BLOOMBERG

(29-08-2015, 09:11 AM)greengiraffe Wrote: Now they open up... and that's Chinese for you...

China eases rules on foreigners buying homes

Published


BEIJING • China loosened restrictions on foreign investment in real estate after the yuan's depreciation reduced the appeal of Chinese property assets.
Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs", the Chinese authorities said in a statement.
Requirements that foreign investors should have paid their registered capital in full before taking local loans have been removed, according to the statement, dated Aug 19.


The move came as China's first major devaluation since 1994 this month made inbound investments, already dampened by high property prices and a weakening growth outlook, "worthy of a careful pause", according to realtor Jones Lang LaSalle.
The revisions to restrictions introduced in 2006 aim to ensure "stable and healthy" growth of the property market, said the statement from the central bank.
The 2006 rule banned foreign citizens living and working in China for less than a year from buying a home in the country, among other restrictions.
Non-Chinese home buyers accounted for 0.5 per cent of existing-home transactions in Shanghai last year, according to Centaline.
The growth in China's property development investment slumped by almost 10 percentage points from a year earlier to 4.3 per cent in the first seven months of this year.
This situation came as developers' confidence sagged, putting pressure on an economy that was already slowing.
BLOOMBERG

bopian lah, they desperate liao now, anything also can. But seriously if you are Japanese or Taiwanese would you really dare to buy? Maybe the hongkong people who support CCP will go buy loh.

(29-08-2015, 09:11 AM)greengiraffe Wrote: Now they open up... and that's Chinese for you...

China eases rules on foreigners buying homes

Published


BEIJING • China loosened restrictions on foreign investment in real estate after the yuan's depreciation reduced the appeal of Chinese property assets.
Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs", the Chinese authorities said in a statement.
Requirements that foreign investors should have paid their registered capital in full before taking local loans have been removed, according to the statement, dated Aug 19.


The move came as China's first major devaluation since 1994 this month made inbound investments, already dampened by high property prices and a weakening growth outlook, "worthy of a careful pause", according to realtor Jones Lang LaSalle.
The revisions to restrictions introduced in 2006 aim to ensure "stable and healthy" growth of the property market, said the statement from the central bank.
The 2006 rule banned foreign citizens living and working in China for less than a year from buying a home in the country, among other restrictions.
Non-Chinese home buyers accounted for 0.5 per cent of existing-home transactions in Shanghai last year, according to Centaline.
The growth in China's property development investment slumped by almost 10 percentage points from a year earlier to 4.3 per cent in the first seven months of this year.
This situation came as developers' confidence sagged, putting pressure on an economy that was already slowing.
BLOOMBERG

The whole china behaves like 1 big private company owned by a single controlling shareholder.
Rules can change on a dime.
Really need a HUGE MOS before trusting Chinese policy makers

Really or not? China banks no earnings growth? GDP growth supposed to be 7% rite? Maybe its the interest rate cuts they are doing.
China Construction Bank Posts Zero Profit Growth on Weak Economy


China's time-bomb they are trying to defuse. This is what's funding their property boom.
China Places Cap on Local Government Debt

(30-08-2015, 09:53 PM)BlueKelah Wrote: Really or not? China banks no earnings growth? GDP growth supposed to be 7% rite? Maybe its the interest rate cuts they are doing.
China Construction Bank Posts Zero Profit Growth on Weak Economy


China's time-bomb they are trying to defuse. This is what's funding their property boom.
China Places Cap on Local Government Debt

Actually, the best people to ask for an opinion on China should be the top blokes at Temasek... They are v optimistic since a year or two back.

They are the best people to share their views with everyone...

Just wanted to contribute some inputs.
China have different tiers cities. Not all cities have the same problem with her property market.
For example, tier 1 city like Shanghai, Bejing have hugh demands, as immigrants flocked to these cities to work. The supply cannot meet the demands and price is on the uptrend.

My 2 cents

(31-08-2015, 01:37 AM)VIChris Wrote: Just wanted to contribute some inputs.
China have different tiers cities. Not all cities have the same problem with her property market.
For example, tier 1 city like Shanghai, Bejing have hugh demands, as immigrants flocked to these cities to work. The supply cannot meet the demands and price is on the uptrend.

My 2 cents

I concur. The China market isn't homogeneous, and in fact, distinctly different between provinces, or even cities. It is always dangerous to generalize "China", including the S-Chip perception.  

Average sale price of new homes rises for 4 months

THE average cost of new homes in China rose for the fourth consecutive month in August, the China Index Academy said in a latest report.
The mean selling price of new homes in 100 cities rose 0.95 percent to 10,787 yuan (US$1,690) per square meter last month, up from a 0.54 percent gain in July and a climb of 0.56 percent in June, the academy said.
Nationwide, prices gained in 51 cities, up five cities from July. Prices fell in the remaining 49 cities.
In the 10 largest cities, new houses sold for an average 19,962 yuan per square meter, a monthly gain of 1.95 percent.
Shanghai led gainers with a rise of 3.77 percent for new homes, mainly due to a structural shift.
“The domestic real estate market continued to rebound amid a series of easing policies which include the cut in interest rate and reserve requirement ratio,” the academy said.
“That will strengthen the market in September which is the traditional high season for property sales while home prices will probably remain stable as inventories across the country still stay at high levels generally.”
Shanghai posted the highest August volume in the area of new homes sold in six years despite a monthly drop.
The area of new homes sold, excluding government-funded affordable housing, fell 7.4 percent month on month to 1.246 million square meters in August. But the area sold remained above the 1.2-million-square-meter barrier for the fifth straight month, Shanghai Homelink Real Estate Agency Co said in a report released yesterday.
“Despite the decline, it is the highest August volume registered in six years, which indicated really strong sentiment among home buyers,” said Lu Qilin, director of research at Shanghai Homelink. “We expect that to extend through September and October as the central government has been unveiling positive gestures since late last year to boost buyers’ sentiment.”
Lu referred to the People’s Bank of China’s immediate 25-basis-point cut in the benchmark lending rates and the deposit rates on August 25, the fourth cut in under 10 months.
New homes sold for 30,071 yuan per square meter in Shanghai in August, down 13.2 percent from July, according to Homelink data.
Real Estate