China should stick to its people-centered development philosophy and address people's common concerns in promoting economic growth, Chinese President Xi Jinping said Wednesday at a meeting.
Shanghai and Tianjin unexpectedly raised down payment requirements for home buyers on Nov. 28 evening, believed as a continuation of previous round of regulations. These new policies signal great significance. Beijing, Shanghai and Shenzhen’s moves in raising credit threshold might mean that credit policies will be widely tightened up.
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HONG KONG - Community service organizations are urging the government to bring back rent control to protect low-income residents from being overcharged by private housing landlords.
China's residential property market is unlike the housing bubble experienced by Japan in the 1980s, Minister of Housing and Urban-Rural Development Chen Zhenggao said Tuesday.
A senior housing official said on Tuesday that he was confident that China would achieve this year's renovation target for substandard housing.
Those who were evacuated after the monstrous earthquake and tsunami hit Japan's Tohoku area, or northeastern part of the island country, never imagined they'd be staying in temporary housing five years after the disaster, fighting against loneliness and diseases as public housing projects funded by the government are delayed meaning unbearable costs for those without work.
The central government is facing a daunting challenge: While there is a glut of property stock in small cities, there is also limited land and high housing prices in metropolitan areas, posing major headwinds for the slowing economy.
Hong Kong Chief Executive Leung Chun-ying said on Thursday that the recent dip in residential rent and property prices shows the government's efforts to increase housing supply over the past three years have been effective and there is no need to relax the cooling measures for now.
Myanmar Constructors Association and Japan-Myanmar Association for Industry of Housing and Urban Development will cooperate in housing development, production of building, materials and construction sector, according to the association Tuesday.
Recovery in China's real estate sector slowed in October as fewer cities reported price increases, mainly due to continuing oversupply of homes.
China's housing market continued recovering from a prolonged downturn in July, with new home prices dropping in fewer cities for a fifth month amid better market confidence and lower interest rates.
China's property market diverged further in the first quarter, with a slowdown in new commercial and residential housing sales and an uptick in affordable housing investment and high-end houses.
Chinese authorities on Monday decided to relax mortgage rules for second home buyers to address demand for improved housing and lift the sagging housing market.
Chinese Premier Li Keqiang on Wednesday ruled out the possibility of a systematic financial risk in China, saying the recent fluctuations in its real estate market were normal.
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