China’s property prices rose year-on-year in July for the 14th consecutive month, but remained unchanged from the previous month. Prices in 70 large and medium-sized cities rose 10.3% from the previous year, less than the 11.4% year-on-year rise in June, and the slowest rate in six months. The National Bureau of Statistics said real estate [...]
China’s banking regulator said Thursday that the stress tests it required for Chinese banks’ property credit do not reflect the government’s assessment of market trends or potential loan policy changes. The comments were intended to ease worries after property and bank shares dropped on news that lenders were testing the possible impact of a plunge [...]
Beijing’s policymakers have identified 1,457 unused plots of land, many which could be repossessed by the government, in a continued effort to crackdown on developers leaving sites idle for speculative land banking purposes. The Ministry of Land and Resources compiled a list of unused plots and the China Banking Regulatory Commission will conduct risk assessments [...]
The Ministry of Housing and Urban-Rural Development said on Monday that China will not relax property measures until home prices are controlled, according to the China Securities Journal. Wang Juelin, deputy director of the ministry’s policy research center, said most cities have been slow in issuing policies to curb local property markets and China also [...]
According to a statement by the People’s Bank of China (PBoC), outstanding property loans on the books of China’s major financial institutions grew 40.2% year-on-year by the end of June, down from 44.3% in the first quarter. New property loans in the first half of 2010 amounted to $204 billion, although no details were given [...]
Chinese officials may instate a property tax on a trial basis in the next two or three years, according to a source within the Ministry of Finance. A future tax may be rolled out in Beijing, Chongqing, Guangzhou and Shanghai, and spread to the rest of the country after the incipient phase. The tax may [...]
China’s Ministry of Housing and Urban-Rural Development reiterated that it would “strictly” enforce existing property and lending regulations aimed at curbing property speculation. The announcement came in a statement posted on the Ministry website, and responded to market rumors that more onerous aspects of the existing restrictions might soon be lifted, especially those sharply regulating loans [...]
China’s Ministry of Housing and Urban-Rural Development reiterated that it would “strictly” enforce existing property and lending regulations aimed at curbing property speculation. The announcement came in a statement posted on the Ministry website, and responded to market rumors that more onerous aspects of the existing restrictions might soon be lifted, especially those sharply regulating loans [...]
Property price growth in China slowed for a second consecutive month, following a government crackdown on speculative buying in April. Housing prices in 70 major cities rose by 11.4% in June year on year, compared to 12.8% in April and 12.4% in May. The June figures represent a 0.1% slide from that of April. Overall, [...]
Falling sales volumes and stagnant prices could lead to a slump in prices, according to the Minister of Land and Resources as saying. “In about three months, the property market will probably reach a comprehensive correction and prices will fall in some areas,” said Minister Xu Shaoshi. “But its hard to predict the extent of [...]
