Real Estate & Legal News in China from Propertyshowrooms.com

Desperate Beijing suspends restrictions for foreign property investors

Wed, 28 Jan 2009 00:00:00 GMT

Beijing is easing restrictions for foreign property investors in what is regarded as a desperate attempt to halt falling real estate prices which have dropped for the ninth month in a row....

Beijing suspends restrictions on foreign buyers

Wed, 28 Jan 2009 00:00:00 GMT

In an attempt to boost the property market, Beijing is reportedly moving to ease restrictions on international buyers. As part of a wide range of moves, the municipal government suspended measures implemented in 2007 to limit the number of foreigners purchasing residential property. Under the rules only expatriates who had lived in Beijing for at...

Macau Casinos’ shares fall on fears China will curb travel

Sun, 24 Aug 2008 00:00:00 GMT

Uncertainty over Beijing’s policies is worrying major casino operators in Macau’s fast-growing gambling market. Shares of Las Vegas Sands and MGM Mirage fell when Portuguese news service Lusa reported that Beijing might make it harder for mainland Chinese to visit the one part of the country where gambling is legal. China’s government has previously taken incremental...

Shanghai to test deposit program

Tue, 12 Aug 2008 00:00:00 GMT

Shanghai’s real estate brokers may be required to pay deposits to obtain a business licence in the future. This is one of the latest ideas floated by local government to create a safe environment for second-hand property transactions. The plan, developed by the city’s second-hand property trading center and launched recently on a trial basis, is...