Concerns over the future impact Chinese policies could have on the real estate sector have nearly halted transactions in the sector as buyers expect prices will begin to fall. According to the China Securities Journal, the volume of second-hand property transactions fell nearly 70% m/m in January, with new sale transactions falling by more than […]
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Real Estate
China’s Xinhua News Agency has reported that a new policy in the city of Nanning will ban the sale of uncompleted commercial residential properties. Government officials stated that this program is intended to, “regulate the order of real estate market”. I expect this could be the first of many similar policies around the country to […]
During a discussion over whether or not the country’s property sector was in the midst of a bubble, Qi Ji, vice-minister of Housing and Urban-Rural Development, said, “In some big cities and coastal cities… property prices are too high.” Additionally, at the same meeting an official from the People’s Bank of China was noted saying […]