China – Chinese Property Prices Continue to Climb

Chinese Property Prices Continue to Climb

Posted by Mingze Wu at 9:46 pm EDT, 05/19/2013

China’s new-home prices rose last month in 68 of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows.

Increases in Guangzhou, Beijing and Shanghai were the biggest on a yearly basis since a change in data methodology in January 2011, a report from the National Bureau of Statistics showed May 18. The number of cities showing gains from a year earlier was the same as in March.

China’s policy makers are trying to avoid property bubbles and make homes more affordable while bolstering an economy that lost steam in the first quarter. Expanding a campaign against housing speculation could choke off real-estate development that is helping counter a slowdown in manufacturing investment and supporting demand for steel, cement and household goods.

“The government faces a dilemma,” said Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong. “They have to make….

http://forexblog.oanda.com/20130519/chinese-property-prices-continue-to-climb/

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China – Can foreigners take out mortgages

Can foreigners take out mortgages

Not an official link. Just some interesting discussion.

http://www.reddit.com/r/China/comments/1f6gpu/can_foreigners_take_out_mortgages_in_china_to_buy/

China shopping malls to be more profitable than office space: ARA

Investment firm says growing middle class to ensure returns on investment in shopping centres outdo that in office, residential space

Shopping malls will surpass office and residential space as the most profitable type of property investment on the mainland over the next two to five years, thanks to the nation’s booming middle class and its fast-growing income, says ARA Asset Management, a property investment firm partly owned by Li Ka-shing.

Read more
http://www.scmp.com/business/companies/article/1243450/chinese-shopping-malls-become-hottest-investment-property-ara

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