The government is working to rein in land speculation. Authorities in Beijing and Guangzhou are cracking down on companies guilty of stocking piling land in downtown areas.
In order to better regulate China's real estate market, major cities like Beijing and Guangzhou are implementing a series of measure to clean up unused lands, and punish developers' that are stocking up on lands.
Over in Guangzhou, the municipal government has issued an ultimatum to three developers for stocking piling land. The three developers have together accumulated more than 84,000 square meters of unused land, mainly located in the city's downtown areas.
Monday, November 26, 2007
Tuesday, November 20, 2007
Caution Growing Over China Exposure
Some private institutes say it would be wise to closely monitor China's overheating assets market and exercise caution when investing in the region after it hosts the 29th Olympiad next summer.
LG Economic Research Institute said that the chances are growing for China's assets bubble to burst after the Olympics fever subsides as most investments in its equity and real estate markets have been based on speculation that a bubble, if any, will not pop at least until the Olympics are over.
LG Economic Research Institute said that the chances are growing for China's assets bubble to burst after the Olympics fever subsides as most investments in its equity and real estate markets have been based on speculation that a bubble, if any, will not pop at least until the Olympics are over.
Thursday, November 15, 2007
Real estate prices surge steadily in major Chinese cities
A recent industry analysis revealed that real estate prices in major Chinese cities continued to grow steadily during the third quarter of 2007.
Despite government policies to cool down a real estate boom, the country’s major cities, like Shenzhen, Dalian, Tianjin, Hangzhou, Chengdu and Xiamen experienced a fast growth rate for the period.
Of them, Shenzhen's average price of quality office space increased 9.8% to RMB 17,817 per sq m from the previous quarter. Besides, rentals jumped 2% quarter on quarter in the Grade A office market and 4.9% in Grade B buildings. Approximately 213,835 sq m of office space was completed during the period. The overall vacancy rate dipped from 15.9% in June to 13.6% in September.
Despite government policies to cool down a real estate boom, the country’s major cities, like Shenzhen, Dalian, Tianjin, Hangzhou, Chengdu and Xiamen experienced a fast growth rate for the period.
Of them, Shenzhen's average price of quality office space increased 9.8% to RMB 17,817 per sq m from the previous quarter. Besides, rentals jumped 2% quarter on quarter in the Grade A office market and 4.9% in Grade B buildings. Approximately 213,835 sq m of office space was completed during the period. The overall vacancy rate dipped from 15.9% in June to 13.6% in September.
Saturday, November 10, 2007
China Adds Limits on Foreign Investment
China's economic planning agency has issued restrictions on foreign investment in real estate and other industries, part of a range of measures aimed at righting imbalances in the economy.
A lengthy list of revised rules that take effect Dec. 1 imposes bans on foreign investment in some businesses such as golf courses, gambling, genetically modified crops, traditional teas, film production and weapons manufacturing, according to a document seen Thursday on the Web site of the National Development and Reform Commission.
A lengthy list of revised rules that take effect Dec. 1 imposes bans on foreign investment in some businesses such as golf courses, gambling, genetically modified crops, traditional teas, film production and weapons manufacturing, according to a document seen Thursday on the Web site of the National Development and Reform Commission.
Monday, November 5, 2007
Chinese real estate
It is becoming even tougher for foreigners to get a foot on China's property ladder. A raft of new regulations, many aimed at foreign investors, is designed to ease pressure on the renminbi and reduce commercial property inflation that is running at twice the pace of China's double-digit economic growth rate. Some efforts have been modestly successful. But, while foreigners get much of the blame for rising prices, they account for only a fraction of total real estate investment. Regulatory efforts must reach further into China's economy to cool the market effectively.
Thursday, November 1, 2007
Foreigners still hungry for Chinese real estate
Luckock, a 32-year-old Australian lawyer who has lived in Beijing a total of six years, owns two siheyuan - or "four-sided courtyards" - tucked away in Beijing's historic hutong alleyways. He bought the first 190-sq-m home two years ago, after four years of searching and several collapsed deals.
The second, a 326-sq-m siheyuan, Luckock bought last year, after negotiations with five different owners and a title dispute involving illegal squatters. He was forced to buy the property in his fiance's mother's name to get around a new law restricting to one the number of properties foreigners can own.
The second, a 326-sq-m siheyuan, Luckock bought last year, after negotiations with five different owners and a title dispute involving illegal squatters. He was forced to buy the property in his fiance's mother's name to get around a new law restricting to one the number of properties foreigners can own.
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