China's future property policies must strike a tough balance between the decelerated growth of the GDP and the rise in home prices, noted economist Ba Shusong has said.
China's chilling property market has started to affect the price of land, cooling sales in Chinese cities in the second quarter, according to a monitoring report by the Ministry of Land and Resources (MLR) on Wednesday.
The cooling real estate market in China greatly dampened property developers' willingness to expand investment in the first half of the year, a market analyst has said.
The meteoric rise of the Chinese property sector has shown signs of abating since the beginning of this year, and economists say such a downturn could weigh on growth.
Economists from China's leading think tanks have dismissed predictions that a possible property meltdown would trigger a crisis or even a crash in the world's second largest economy.
The slowdown of the property market that was mainly seen in China's third- and fourth-tier cities last year has spread to more areas, and analysts warn of a tough 2014 for developers.
The Chinese central government has announced a timetable to push forward the national unified real estate registration system as the founding work to better protect ownership and regulate the home market.
"When will the property tax come out and how will it impact the market?", "Are we going to see the economy and real estate market crash?", "What are the prospects for developing elderly care properties?"
The insolvency of a property developer in east China's Zhejiang Province has shed light on the risk in China's formerly red-hot real estate sector.
A headline-making debt woe afflicting a small Chinese property developer has highlighted an ongoing cash-flow headache in the sector. Industry analysts said they expected some smaller companies to default and home prices to decline in third- and fourth-tier cities.
All four major Chinese banks told Xinhua on Wednesday no changes had been made to their property loan policies, helping calm the somewhat panicking property and stock markets.
China's property market might have outgrown its boom days, but predictions of an imminent property bubble burst and economic crash are premature.
Home prices dropped last month in more Chinese cities, more signs of a gradually cooling property sector, official data showed on Monday.
Vietnam's real estate industry is expected to attract more foreign investment, even though the domestic economy is forecast to face challenges this year, Vietnam News daily reported Saturday.
Singapore's central bank has said that the country is not in danger of being caught in a credit bubble that puts it or the banking system at any risk of crisis.
After viewing flats for three months, Jason, the 27-year-old groom-to-be, has not yet made up mind whether to buy one as his marriage home, on speculation that the housing prices might fall next year.
Property prices in major Chinese cities, especially those with tight supply are expected to continue rising in 2014, defying local government's latest macro-control efforts.
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