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  • Shanghai sees growing foreign investment in office buildings
    The Shanghai Municipal Commission of Commerce has reported a rise in foreign investment in the city’s office buildings in 2008 against a backdrop of slump in the real estate market across China. The city approved 58 foreign-invested real estate projects in the first 11 months of 2008, involving a total investment of $3.94 billion U.S. dollars, [...]

  • Rebound seen as possible in China real estate sector
    The mainland’s ailing property sector is expected to recover this year as new government measures take effect. An example of these measures is that the Beijing municipal government has purchased about 1,000 commercial housing units to provide more ‘welfare homes’ to improve living quality. The Beijing Times quoted Niu Qingshan, head of Chongwen district, as saying: [...]

  • China strengthens land management to boost domestic demand
    China’s Ministry of Land and Resources (MLR) has issued a circular with 10 other authorities to encourage an increase in land use planning and management. This is in step with the government’s  measures to stimulate domestic demand. The circular said that local authorities should protect the arable land and farmers’ legitimate interests in handling land use [...]

  • Property tax cuts in China near limit
    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 [...]

  • Greentown China to buy stake in Japan’s Pacific-media
    Greentown China Holdings is one of ten Chinese property firms that will spend about $519.5 million to effectively buy a controlling stake in Japanese real estate fund Pacific Holdings. This according to the Nikkei business daily. The debt-ridden Japanese company said last month it would raise that amount by issuing common and preferred shares by February [...]

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