Real Estate & Property Investment News in China from Propertyshowrooms.com

Beijing lifts real estate restrictions for foreign investors

Thu, 29 Jan 2009 00:00:00 GMT

The Beijing government has lifted restrictions on foreign nationals buying property in the city. Overseas investors were previously limited to purchasing certain types of properties in Beijing, but a decline in foreign investment has led to a change in policy for the duration of this year.

As well as restricting the kind of property foreign investors could buy, the Beijing government also stipulated that non-Chinese buyers needed to be resident in China for at least 12 months before they could purchase real estate, reports Overseas Property Professional (OPP). However, the restrictions, which were introduced in 2007, have now been lifted for 2009.

The move is believed to have been prompted by a significant fall in foreign investment in Beijing. Government figures reveal that before the restrictions were introduced foreign buyers accounted for eight per cent of all investors in property in Beijing. However, this fell to 0.5 per cent in 2008.

A spokesman for the National Association of Realtors told OPP: "It's a welcome sign for Beijing's government to remove the restrictions of foreign nationals' purchase of real estate in Beijing in 2009. Hopefully other regions will follow suit."

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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...

Tibet cuts prices to lure tourists

Mon, 26 Jan 2009 00:00:00 GMT

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China denounces US currency accusation, warns of trade protectionism

Mon, 26 Jan 2009 00:00:00 GMT

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Sun, 25 Jan 2009 00:00:00 GMT

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Thu, 22 Jan 2009 00:00:00 GMT

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Thu, 22 Jan 2009 00:00:00 GMT

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Wed, 21 Jan 2009 00:00:00 GMT

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Wed, 21 Jan 2009 00:00:00 GMT

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Wed, 21 Jan 2009 00:00:00 GMT

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Tue, 20 Jan 2009 00:00:00 GMT

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DTZ warns of property oversupply

Tue, 20 Jan 2009 00:00:00 GMT

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Sun, 18 Jan 2009 00:00:00 GMT

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Days Inn China to open eco-friendly hotel in Shandong

Sun, 18 Jan 2009 00:00:00 GMT

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OK Air applies to resume passenger services

Sun, 18 Jan 2009 00:00:00 GMT

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Sun, 18 Jan 2009 00:00:00 GMT

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Agricultural Bank of China becomes shareholding company

Fri, 16 Jan 2009 00:00:00 GMT

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Changsha zones keeps expanding

Fri, 16 Jan 2009 00:00:00 GMT

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Tibet to build first expressway

Thu, 15 Jan 2009 00:00:00 GMT

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Thu, 15 Jan 2009 00:00:00 GMT

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Airlines push for 11% more passengers this year

Thu, 15 Jan 2009 00:00:00 GMT

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Thu, 15 Jan 2009 00:00:00 GMT

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China’s largest grid-connected solar power station to be located in Qaidam

Tue, 13 Jan 2009 00:00:00 GMT

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Tibet hopes to tempt three million tourists

Tue, 13 Jan 2009 00:00:00 GMT

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Liaoning government backed investment

Tue, 13 Jan 2009 00:00:00 GMT

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Tue, 13 Jan 2009 00:00:00 GMT

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New Tax Break For China's Airlines

Tue, 13 Jan 2009 00:00:00 GMT

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Mon, 12 Jan 2009 00:00:00 GMT

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China property market cautious: deals slow

Mon, 12 Jan 2009 00:00:00 GMT

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China Eastern Airline tries to ride out economic recession

Mon, 12 Jan 2009 00:00:00 GMT

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Fewer visitors to China last year despite Olympics

Sun, 11 Jan 2009 00:00:00 GMT

The number of travelers to China dropped by 2 million in 2008 in what was supposed to be a banner year for tourism. Instead, it became one dampened by Olympics-related security measures and the global economic crunch. The overall number of visitors to China dropped to 130 million in 2008, from 132 million in 2007, 2.6%...

Helicopter joint venture established in Tianjin

Sun, 11 Jan 2009 00:00:00 GMT

A helicopter joint venture has been established in Tianjin and the plan is the first light-weight civil helicopter will be fully assembled by the end of this year. The China Aviation Industry Corp, or AVIC, has signed an agreement with the Tianjin municipal government to set up a helicopter company. The joint-venture consists of research and...

Macquarie cuts price for high-end China property

Thu, 8 Jan 2009 00:00:00 GMT

An investment arm of Australia’s Macquarie Group has slashed prices by about a third from levels quoted nine months ago for one of its top-end Shanghai properties, underlining the difficulties investors face exiting China’s cooling real estate market. The residential development, City Apartments, a 16,000 square-meter residential development in downtown Shanghai, is up for sale for...

Tibet cuts fares, hotel rates to attract winter tourists

Sun, 4 Jan 2009 00:00:00 GMT

Tibet’s tourism market — badly affected by riots in March — has cut travel and hotel costs in hopes of luring domestic and international sightseers. Deputy chief of the tourism bureau, Wang Songping, said the bureau is promoting a winter tour package:’Most of the tourist attractions, airline companies, hotels and travel services joined the promotion and...

Eastern, Shanghai Airlines may or may not eventually merge

Sun, 4 Jan 2009 00:00:00 GMT

A merger between China Eastern Airlines and Shanghai Airlines is possible as it is reported the idea has strong support from the Chinese central and local governments. The suggestion is that Shanghai Airlines will first get a capital injection from the Shanghai government and then to buy into China Eastern Airlines. Reports from as early as...

Chinese premier says innovation can reduce impact of global crisis

Fri, 2 Jan 2009 00:00:00 GMT

During a visit to Haier, the country's largest appliance maker, the premier praised its sales promotion and services in rural areas as a factor stimulating rural consumption, which he said would help ease the impact of the global financial crisis...

Property tax cuts in China near limit

Thu, 1 Jan 2009 00:00:00 GMT

Qin Hong, deputy research head at the Ministry of Housing and Urban-Rural Development said in an interview with the China Securities Journal that China is unlikely to cut property transaction taxes much further and will continue to curb housing purchases for the purpose of investment. The government has shortened the lock-up period during which home owners...

China property market looks overseas

Wed, 31 Dec 2008 00:00:00 GMT

Dropping property prices and the depreciation of foreign currency are fueling Chinese ambitions to buy homes overseas. These prospective buyers mainly target properties valued from $300,000 to $500,000. About 60% are property professionals who would like to investigate the USA, Europe, Australia and Thai real estate sector and make investments accordingly. A substantial percentage are looking...

Real estate needs confidence-building

Tue, 30 Dec 2008 00:00:00 GMT

The Chinese government has launched a series of tax and fee cuts to boost the real estate sector. But what do real estate developers think about the new package? Chen Shun, president of China Sports Organization Group, a real estate development company, is in charge of more than 30 projects. He said business has fallen in the...

API enters agreement with Sky-Blue Aviation Academy

Tue, 30 Dec 2008 00:00:00 GMT

Aerospace Products International(API), a wholly-owned subsidiary of First Aviation Services and a supplier of distribution and supply chain services for the aviation industry, has announced a general term agreement with Hu Bei Sky-Blue International Aviation Academy. Under the agreement API will provide the privately-owned academy, which is located in Wu Han, Hunei Province, China, with all...

China publishes details of real-estate stimulus package

Sun, 21 Dec 2008 00:00:00 GMT

The General Office of the State Council, or Cabinet, on Sunday unveiled more details of a real-estate stimulus package adopted at an executive meeting of the Council last Wednesday.• Wen calls for healthy development of real estate • Property stimulus plan targets low-income housing...

Gubei progressing well on up-market project

Thu, 18 Dec 2008 00:00:00 GMT

Work on a 30-storey, 190,000-square-meter upmarket commercial project has started in Shanghai’s Changning District. The RMB1.3 billion ($190 million) Gubei GIFC II, in southwestern Gubei new area, will consist of Grade-A offices and high-end retail facilities and is due to be completed by the end of 2011, according to its developer Shanghai Gubei. Yu Lin, a marketing...

China loan could boost Brazils economy

Sat, 13 Dec 2008 00:00:00 GMT

The Brazilian economy could soon receive a huge boost after it emerged that China has offered the country a loan to help it fully exploit its lucrative oil reserves.

The $10 billion (£6.75 billion) government loan would allow state-owned oil company Petrobras to take its exploration activities in the pre-salt layer of the South Atlantic Ocean to the next level, according to Associated Press.

Over time this could lead to a boost in the Brazilian economy which would be good news for anyone with property there.

In other Brazilian news, heavy metal legend Iron Maiden will perform five gigs in the country on the final leg of their world tour.

The band's manager, Ron Smallwood, highlighted Sao Paulo's Autdromo De Interlagos - the racing track on which Lewis Hamilton recently secured his Formula 1 title - as a key venue.

"Capacity is about 400,000. I don't think we'll get 400,000." he told CNN.

"We're set for about 60,000 and we hope to go past that."

Other venues include the Apoteose in Rio de Janeiro, Estadio Municipal in Recife and Brasilia Camping in Brasilia.

Visit our off-plan property Brazil page

More property transaction tax cuts expected in China as latest figures look grim

Fri, 12 Dec 2008 00:00:00 GMT

China is ready to cut business and income taxes on property transactions to give a boost to the ailing real estate sector after government figures showed a sharp drop in home sales in November...

Radisson Plaza hotel will open in Sanya, China

Thu, 11 Dec 2008 00:00:00 GMT

Carlson Hotels Worldwide Asia Pacific has signed an agreement with the Sanya Lu Hui Tou Tourism Development Company to manage a new Radisson Plaza hotel in Sanya, Hainan. The Radisson Plaza Hotel Sanya Lu Hui Tou will target both business and leisure travellers. The 240 room property, which is scheduled to open in the second quarter...

Shanghai offers support in crisis

Thu, 11 Dec 2008 00:00:00 GMT

The Shanghai government has established a technology finance firm, an insurance designed for high-tech firms and provided platforms to encourage innovation and support such firms during the global financial crisis, local officials said. The city has opened a small-credit company in the Zhangjiang High-Tech Industrial Zone, often regarded as the local version of Silicon Valley. According to...

Hainan Air says parent may seek government cash injection

Thu, 11 Dec 2008 00:00:00 GMT

China’s Hainan Airlines has said its parent was considering seeking financial help from the government, playing down a local media report about an imminent cash injection. Beijing News reported that the Hainan provincial government was considering injecting cash to the listed carrier as air traffic demand slows. But Hainan Air, partly owned by billionaire financier George Soros...

China property slump continues to continue

Thu, 11 Dec 2008 00:00:00 GMT

Construction of homes, offices and factories in China fell at least 16.6% in October after rising 32.5% a year earlier. Building is the biggest driver of China’s expansion, contributing a quarter of fixed- asset investment and employing 77 million people. The central bank has cut its key interest rate by the most in 11 years and the...

China’s Okay Airways stops passenger service

Mon, 8 Dec 2008 00:00:00 GMT

China’s first private airline Okay Airways has indefinitely halted its passenger services although there are reports that the stand down is just for one month. The Juneyao Group, controlling shareholder of Okay Airways, filed an application in November to the authority to suspend Okay’ passenger service, the China Business News reported. Okay Airways received verbal approval from...