Real Estate & Mortgage News in China from Propertyshowrooms.com

Beijing mayor downplays cheap homes concerns

Thu, 22 Jan 2009 00:00:00 GMT

Beijing Mayor Guo Jinlong dismissed claims that the municipal government’s drive to build more affordable housing will dampen the city’s real estate market. The municipality unveiled plans for cheaper homes at the end of 2008 to provide a total of 8.5 million square meters of price-restricted housing in 2009. Guo Jinlong said, ‘The affordable housing project targets...

Post-Olympic housing prices in Beijing to rise after adjustment

Thu, 28 Aug 2008 00:00:00 GMT

Chen Jian, executive president of Beijing Olympic Economy Research Association, said at a press conference that the housing prices in Beijing after the Olympics will go up following a period of adjustment. What he did not say is how long that period of adjustment might be. He said general housing prices in Beijing were rational when...

Shanghai Real Estate market to recover in October

Thu, 7 Aug 2008 00:00:00 GMT

Shanghai’s new house sales in July dropped 30% over the previous month and average selling prices of first-hand houses slid to RMB12,824 per square meter from RMB16,988 in June. Commodity property supplies in Shanghai were 1.74 million square meters in the month, slightly less than the 1.81 million square meters in June. Commodity house supplies rose...

Shanghai house sales see declining trend

Wed, 30 Jul 2008 00:00:00 GMT

At last housing prices in Shanghai are showing signs of decline, with some luxury apartments in the city center seeing a cut in prices while potential buyers remain uncertain as to the right timing for making a purchase. Many potential buyers in Shanghai are waiting for a price plunge following the drop in Shenzhen housing prices...