With a stagnant housing market, Beijing has increased the ceiling of housing public accumulation fund loans from 800,000 yuan (130,000 U.S. dollars) to 1.2 million yuan, local authorities announced Wednesday.
The Hong Kong Special Administrative Region government announced Tuesday its new long- term housing strategy -- supplying 480,000 new flats over the next decade, 10,000 more than its previous plan.
South Korea's central government debts hit an all-time high in August as it increased fiscal expenditure to boost the sluggish economy, a government report showed Tuesday.
New research has revealed that the housing crisis was hitting British middle-income earners at a shocking rate, with those relying on housing benefit to keep their home in spite of being in work rising by 350,000 since 2008.
Housing permits in South Korea surged more than 50 percent after easing regulations on mortgage financing, indicating a recovery in the housing market, a government report showed Wednesday.
The recent conflict in the Gaza Strip has caused "unprecedented" destruction, leaving hundreds of thousands people homeless, a UN spokesman said Tuesday, quoting the latest assessment after the ceasefire.
Two major Chinese cities joined dozens of others nationwide to scrap housing purchase restrictions on Thursday in a bid to boost their property market.
The slowdown of China's housing market has prompted prophets to predict doom in the industry and even for the country's macro-economy. But analysts argue the market is going through natural and necessary adjustment, which is good for the economy.
The Reserve Bank of New Zealand ( RBNZ) could lift mortgage lending curbs imposed in October last year by the end of this year as the country's potentially destabilizing housing market begins to cool, a senior Reserve Bank official said Friday.
Relentless rumors and declining sales rattled nerves in the Chinese economy as worries about a tumble in home prices spread last week.
Leaders of China's real estate sector expect the housing market to stabilize, with prices in big cities rising more slowly and those in smaller ones starting "adjustment."
The Housing Authority projects a decreasing surplus in the coming financial year, manily due to the increase in public housing construction and downfall in investment returns.
Six weeks until year end and city governments in China are struggling to meet their goal of preventing house prices from rising too quickly.
New Zealand's house price bubble and rising accommodation costs might be worse than previously thought with a new government-funded study on Monday showing about one in every 120 people, an estimated total of 34, 000, had no access to housing in 2006.
Most U.S. home builders believe that a shortage of buildable lots has emerged as one of the key factors holding back a more robust housing recovery, a survey showed Wednesday.
More measures should be taken to help those low- and middle-income families shorten their waiting time to buy second-hand HOS flats, said Hong Kong Housing Authority members in May 6.
U.S. President Barack Obama on Saturday urged Congress to help homeowners reduce housing mortgage burdens and support the nascent real estate sector recovery.
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