Global Times – China rolls out fresh measures for real estate market

The General Office of the State Council, China’s cabinet, Sunday issued a notice that required central governmental departments and local governments to strengthen management, stabilize market expectations and facilitate stable and sound development of the real estate market. Read further about this subject on:

Global Times – China rolls out fresh measures for real estate market.

Global Times – Housing prices may rise 20-30% next year: economist

Visitors view models of apartment buildings in a real estate fair in Jinan, capital of east China’s Shandong Province, on April 5, 2008. (Xinhua/Fan Changguo)

Although the property market is not healthy enough, there is no problem for housing prices to rise another 20 to 30 percent due to the Chinese government’s moderately loose monetary policy planned for next year, an economist said Saturday.

Wang Xiaoguang, an economist from the Academy of Macroeconomic Research (AMR) of the National Development and Reform Commission said at a forum in Nanjing, Jiangsu Province.

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Government warns developers about land hoarding

Apparently unaffected by the global economic recession, Beijing’s real estate prices have continued to rise this year after last year’s brief slump. Amidst complaints about the house price escalation, last week a government minister openly admitted to the media that he couldn’t afford a house in the city.

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Global Times – ‘Naked’ wedding: a blessing or a disaster?

“Naked wedding,” a popular catch phrase in China coined amid the background of skyrocketing property prices, reflects the reality of many young people in China today. It refers to a marriage without a house, a car, diamond ring, and fancy wedding ceremony – just a nine-yuan marriage certificate.

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