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China’s Quiet Shift In Property Strategy ...
June 10, 2010 -- Signs are growing that China’s government is
discreetly adjusting its medium-term strategy of tackling the country’s red-hot
property sector. In recent weeks, there’s been a notable lower volume on calls
for the introduction of some sort of property tax, a potentially powerful fiscal
tool widely considered one of the last resorts for the government to rein in
runaway housing prices ... continued ...
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Shanghai Plans Massive Affordable Housing Program ...
June 9, 2010 -- The Shanghai Municipal Bureau of Planning and Land
Resources plans to build 23 big residential community projects in 2010, reports
Chinanews.com.cn, citing sources from the Land and Resources Newspaper. Shanghai
is targeting to build 300,000 units of affordable housing with total
construction area of 20 million square meters over the next five years... continued...
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Shanghai Forte Land's contracted sales up 16.9% in May ...
June 9, 2010 -- Shanghai Forte Land Co Ltd., which is engaged in
real estate development and related consultancy services, announced that its
contracted sales in May this year jumped 16.9% from RMB 515 million a year
earlier to RMB 602 million, sources reported... continued ...
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Shanghai Real Estate Investor with deep pockets eyes Seattle...
June 8, 2010 -- China's national strategy to promote investment
abroad may be landing on Seattle's doorstep. A Chinese businessman who made a
fortune in the Shanghai real-estate market is setting his sights on Seattle and
starting a new venture to scout for local investment opportunities. Jiang
Zhaobai, the 47-year-old head of the Shanghai Pengxin Group, is coming to
Seattle next week... continued ...
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Higher Downpayments Look To Curb Real Estate Speculation...
June 7, 2010 -- New real estate policies unveiled in China require second
home buyers to put down 50% of the sales price as a down payment. Other rules
restrict purchases by non-locals in markets such as Shanghai ... continued ...
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Shanghai to adopt more strict property measures ...
May 29, 2010 -- Authorities are working on detailed rules to cool
down the property market in Shanghai, which will be more strict than central
government policies, a municipal official said. Chen Qiwei, a spokesman for the
Shanghai municipal government, did not preclude the possibility of levying
property tax when asked about this issue at a press conference on Friday.
"Shanghai will take more strict measures in line with the central government
policy," Chen said, adding that more efforts will be made in building
economically affordable houses and cracking down on speculative house purchasing... continued ...
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Shanghai Housing Sales Post Steep Slump in May ...
May 19, 2010 -- New properties sales in China shrank severely in the past month, with second hand home sales and prices also declining. Government regulations are looking to cool down what is considered an overheated China real estate market
... continued ...
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Major State-owned Real Estate Enterprise Plans Restructuring ...
May 18, 2010 -- China Enterprise (600675) and Shanghai Jinfeng
Investment (600606) suspended the trading of their stocks from May 17 for a
period of five working days due to a restructuring exercise to be conducted by
their parent company, Shanghai Real Estate Group (SREG), reports 163.com, citing
filings by both companies. SREG is the largest state-owned real estate
enterprise in Shanghai with eight subsidiaries and two listed subsidiaries,
China Enterprise and Shanghai Jinfeng Investment... continued ...
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Shanghai invests RMB 55.1 bln in property industry in Jan-Apr ...
May 18, 2010 -- Shanghai's real estate investment in the first four
months of this year totaled RMB 55.1 billion, swelling 31.4% year on year and
accounting for 39.5% of the total fixed asset investment, according to the
Shanghai Statistics Bureau... continued ...
