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City property market notches major deals

MAJOR property acquisitions have exceeded 20 billion yuan (US$2.93 billion) in Shanghai this year, with more than four in five deals involving domestic investors, real estate services provider DTZ said today. So far this year, the combined value of ...

From CAO QIAN, Shanghai Daily,  23 Nov 2009

Luxury US project lures rich Chinese

MILLENIUM Tower, an ultra-luxury residential project in San Francisco launched its China marketing campaign yesterday in Shanghai to tap the country's rapidly-growing wealthy segment. The 197-meter, 60-story tower, the tallest residential block west ...

From CAO QIAN, Shanghai Daily,  20 Nov 2009

Home sales rise as preferential policies near end

THERE was a rise of about 40 percent in transactions involving existing homes in Shanghai in the first half of November as more sellers and buyers rushed to sign deals. The rise, mainly caused by fear that preferential policies introduced a year ...

From CAO QIAN, Shanghai Daily,  17 Nov 2009

Hot Property News

LAND values in Shanghai, Beijing and Hangzhou would have the largest potential for growth in the next five years, the nation's top think-tank said in a report yesterday after researching 35 large and medium-sized cities. Land values in cities in the ...

From CAO QIAN, Shanghai Daily,  16 Nov 2009

Sales At Luxury Residential Project Boost City Total

ROBUST sales at a luxury project in Huangpu District pushed the average new home price to a three-month high in Shanghai last week. At the same time, transaction volume dropped significantly amid inadequate supplies. Prices of new homes, ...

From CAO QIAN, Shanghai Daily,  16 Nov 2009

More let in for low-rent help

THE Shanghai government has once again lowered the threshold for low-rent home applications in its latest effort to have more low-income households benefit from the program. Starting from October 1st, local families with per capita monthly disposable ...

From CAO QIAN, Shanghai Daily,  16 Nov 2009

New home stocks fall to low

THE inventory of new homes fell to a historic low in Shanghai after the supply failed to exceed transactions for 10 consecutive months. By yesterday, the local stock of new houses, excluding those built for relocated residents under urban ...

From CAO QIAN, Shanghai Daily,  11 Nov 2009

Apartment Sets Record

AN apartment in the Tomson Riviera luxury complex in Shanghai set a new price high when it sold for 96.09 million yuan (US$14.07 million) to an unidentified buyer. The 597-square-meter apartment on the 28th floor of Block A fetched a record 160,848 ...

From CAO QIAN, Shanghai Daily,  10 Nov 2009

'Home run' for budget hotelier

HOME Inns & Hotels Management Inc, China's largest budget hotel chain operator, said yesterday net income more than doubled from a year earlier in the third quarter of 2009. The result came after strong performances from its 500-plus hotels around ...

From CAO QIAN, Shanghai Daily,  10 Nov 2009

China home prices head for the roof

CHINA'S urban housing prices rose in October by the largest amount in more than a year as a buying spree played out amid abundant liquidity. Housing prices in 70 major cities jumped 3.8 percent last month, the biggest year-on-year increase since ...

From CAO QIAN AND ZHANG FENGMING, Shanghai Daily,  10 Nov 2009

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