Published News » Real Estate

GRADE A office rents continued to rise mildly in Shanghai in the second quarter of this year amid weak demand in the overall market, according to a latest industry research.

The average rents at Grade A office buildings rose slightly to 9 yuan (US$1.42) per square meter per day in the April-June period, a quarterly gain of 1.4 percent, the report released yesterday by Jones Lang LaSalle said.
Premier Wen Jiabao said yesterday that the Chinese government will resolutely implement real estate market regulation and make it a long-term task to curb speculation in this sector.

During an inspection tour of the city of Changzhou in east China's Jiangsu Province, Wen said housing market regulation is still at a critical moment and remains a tough task.

Wen's remarks came as major Chines
SHUI On Land Ltd, the Hong Kong developer most renowned for its Xintiandi restaurant and bar district in the heart of downtown Shanghai, yesterday unveiled a business and lifestyle project near Shanghai's Hongqiao transport hub.The project is called The Hub and is within walking distance of the city's smaller airport and high-speed rail station. It will cover a site area of 62,000 square meters w
Some bank outlets in Shanghai have suspended mortgage loans to home buyers, the China Securities Journal reported Thursday.
HOME-PURCHASE restrictions in Shanghai are likely to be a long-term policy, a city housing official said yesterday.That was mainly due to inadequate supply as well as the continuing robust demand for homes, said Liu Haisheng, director of the Shanghai Municipal Housing Support and Building Administration Bureau, the local industry watchdog.
About 250 exhibitors have set up booths to promote their projectsThe annual Shanghai Spring Real Estate Fair, a traditional indicator of the city's housing market, kicked off on Thursday. Coming amid the harsh housing policies, the fair shrank drastically with fewer exhibition booths and housing projects.

CHINA'S four biggest banks have stopped extending new credit to developers for the rest of the year, while the total credit available to property firms will be cut by 20 percent next year.

The Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China used up their credit quotas for developers this year, China Real Estate Business, a newspape
US investment management firm to invest in Dalian residential project

Aetos Capital, the US investment management firm, is investing $50 million in a joint venture with Yida Group to develop a residential project in Dalian, Liaoning province, sources familiar with the development told China Daily on Monday.

The deal comes close on the heels of a joint venture set up by US private equ

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