chinas-new-house-rules

China's new house rules

As sales volumes drop, the Chinese government is trying to make its residential property sector as safe as houses.
November 03, 2008
China's property sector is a foundation stone of the economy, accounting for almost a quarter of the country's fixed asset investment. But things have turned tepid recently especially compared to last year's hot housing market figures from the National Bureau of Statistics released in September showed that sales of residential houses were down 31% year-on-year.

ôStatistics show that in 2008, commodity house sales suffered the first negative growth for the past 11 years, and China's real estate industry is now facing the most difficult situation since the mid-1990s,ö says Chinese securities company Guotai Junan in a recent report.

The gap between supply and demand is at a new high. The first half of 2008 saw...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222