Tag: China property market
A strong property market drove China's economic growth to rebound strongly in March, with credit, exports, industrial production, retail sales and infrastructure investments showing stabilization, leading the bank to upgrade its 2016 GDP forecast to 6.6%, according to a research report by UBS AG.
China's contracted sales of residential properties grew by 20% and 23% year-on-year in January and February 2016, respectively, as a result of strong demand from tier one and some tier two cities fueled by credit easing, lower down-payments and tax cuts.
China's small to mid-size banks would be at greater risk in the extreme scenario that the Chinese property market crashes, given their geographic concentration and weaker customer credit profiles. Larger banks should prove more resilient, says a Standard & Poor's report. "If property prices drop 20% over the next year, the increase in gross non-performing […]
Wenzhou, a city of close to two million residents in southeastern Zhejiang province, has relaxed its property purchase policy amid lackluster housing market, according to a new directive from the Wenzhou Municipal Commission of Housing and Urban-Rural Development.
Canada Pension Plan Investment Board (CPPIB) says that it has formed a new venture with China Vanke Co., Ltd. Through this venture, CPPIB will invest US$250 million over time in the Chinese residential market, according to a company release.
Shanghai ranks as the second most attractive investment property market in Asia, while Guangzhou scores as the sixth and Beijing the eighth among Asia's top property markets for investment, according to a report released by consulting firm PriceWaterhouseCoopers (PwC).
China’s average new home prices in December rose 12% from last year to RMB10,833 ($1,789) per square meter, according to SouFun Holdings Ltd. Beijing and Guangzhou posted the largest year-on-year gains, where home prices rose around 28%.
In this episode of China Money Podcast, guest and veteran investor Jim Rogers discusses: – China's economy and stock market: Will the economy manage its challenges? Is there a bull market waiting ahead? – China's property market: What will be the consequence of a price correction? – China's Renminbi: Will it continue to appreciate against […]