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.
Hong Kong jumped three places to rank as the third most expensive city for expatriates in the world, according to the annual cost of living survey conducted by consultancy firm Mercer.
Ukrainian troops hoisted their national flag over four more eastern cities, except for the insurgents' main stronghold Slavyansk, Ukrainian senior officials said Sunday.
Beijing on Monday made nearly 1,880 affordable commercial apartments available to buyers, rekindling average income-earners' hopes of having a house of their own.
China's property sector continued to cool in May, as new home prices in half of a sample of 70 major cities showed month-on-month drops, the National Bureau of Statistics (NBS) said in an online statement on Wednesday.
A new central government guideline is set to step up reform of China's household registration system and mark a new step in its urbanization drive, Shanghai Securities News reported on Monday.
China's property sector showed new signs of cooling in April, with more Chinese cities reporting month-on-month drops in prices and fewer cities reporting gains, official data showed on Sunday.
A chief of China's central bank has urged the country's commercial banks to be quicker in approving and issuing loans to "eligible" home buyers, mainly first-time home buyers.
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.
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.
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."
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.
Home price in major Chinese cities grew at a slower pace in February, with fewer cities seeing month-on-month price rises, official data showed on Tuesday.
Home prices dropped last month in more Chinese cities, more signs of a gradually cooling property sector, official data showed on Monday.
Thick smog shrouding Beijing and its surrounding areas becomes heavier as the capital has raised its four-tiered alert system to "orange".
China has completed a national plan on urbanization, and is expected to publish it soon, the China Securities Journal reported on Tuesday.
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