New home prices in China grew at quickest pace in eight-month in April – ET RealEstate

BEIJING: New home prices in China grew at the fastest pace in eight months in April, data showed on Monday, despite the government’s ramped-up efforts to tame the market and tackle an alarming build-up in debt. Average new home prices in 70 major cities grew 0.6% in April from a month earlier, the quickest pace […]

Home prices in Hong Kong hit 20-month high in March 2021 – ET RealEstate

HONG KONG: Hong Kong’s private home prices, among the world’s least affordable, climbed to their highest level since July 2019 in March, official data showed on Wednesday, supported by robust demand and a recovering economy. The prices gained for the third month in a row in March, rising 0.8%, according to the data, compared with […]

China to boost supervision on rental collection by home leasing firms – ET RealEstate

BEIJING: China‘s authorities said on Monday they would step up supervision of leasing firms and how they collect rental income and deposits, after a series of cases where tenants were evicted when leasing companies failed to keep up payments to landlords. Leasing companies often require tenants make rental payments up to a year in advance. […]

China’s home prices extend gains in March, defy renewed curbs: Survey – ET RealEstate

BEIJING: China‘s monthly new home prices maintained steady growth in March, while the resale housing market also saw an uptick, despite a renewed crackdown on property speculation, a private-sector survey showed on Thursday. New home prices in 100 cities rose 0.2% in March from a month earlier, unchanged from February’s pace, according to data from […]

Beijing to boost land supply for rental properties – ET RealEstate

BEIJING: China‘s capital Beijing will increase the proportion of land supply for rental properties to 30% this year from 13% in 2020, official media reported, in a bid to improve housing affordability as the city’s home prices remain sky-rocketed. The move follows call from China’s top leaders who vowed to focus on the development of […]

China’s Shandong to scrap urban residency curbs – ET RealEstate

BEIJING: China‘s second most populous province of Shandong will scrap residency rules to ease a move to cities by those living in rural areas, official media said on Thursday, in an effort to boost consumption and unleash a new driver of growth. The news came just a week after the southern province of Jiangxi became […]

Shenzhen issues draft guidelines to boost supply of rental properties – ET RealEstate

BEIJING: The city of Shenzhen has issued draft guidelines to aimed at increasing the supply of rental properties in China‘s high tech hub. Land plots will be set aside for builders and existing building will be renovated to make them suitable for rental homes, the housing authorities said on its website on Monday. The city […]

Growth in China’s home prices to cool in 2021, sales flat – ET RealEstate

BEIJING: China‘s home prices are expected to rise at a slower pace this year while sales will likely remain steady, as Beijing shifts its focus to tackling rising debt risks in the sector as the economy recovers, a Reuters poll showed. The residential property market recovered quickly in 2020 benefiting from lower mortgage interest rates […]

Prices of new homes in China slows in December: Survey – ET RealEstate

BEIJING: Prices of new homes in China rose at a slower pace in December, with tightening policies continuing to cool the market, a private survey showed on Friday, but price growth in 2020 still topped the previous year’s pace despite the coronavirus pandemic. New home prices in 100 cities rose 0.25% in December from a […]

Home prices in Hong Kong ease 0.5% in July – ET RealEstate

HONG KONG: Hong Kong private home prices eased 0.5% in July, the first drop since April, as one of the world’s most expensive property markets continued to be pressured by the coronavirus pandemic and political uncertainties. The drop in July compares to a revised no change in June. Supported by strong demand and low interest […]