Sun, May 25, 2025
China's residential land supplies in the first 11 months dropped by 15.3 percent from the same period last year.
China will continue to tighten its real estate policies next year, ruling out the possibility of surging home-price growth in 2013.
China will continue its property market control policies next year, according to a statement issued after a two-day central economic work conference.
A government think tank has warned that 2013 may see continued rises in real estate prices and face the risks of market collapses in some localities.
Sales of residential apartments in Beijing have grown more than 50 percent in the January-November period, a sign of the market warming up.
Sales of upscale housing in Beijing reversed a downward trend to record a sharp increase, driven by foreign buyers and cheap loans.
Land sales in China’s 10 major cities hit a 16-month high of 66.3 billion yuan ($10.6 billion) in November, a growth of 23 percent month-on-month and 0.4 percent year-on-year, a property report said.
The outlook for real estate investment and development in Hong Kong is generally favorable in the next year.
Home prices in major cities increased for the sixth consecutive month in November amid rising market expectations, reported China Index Academy.
Investor sentiment positive
China gov't mulling property tax expansion
New home prices in major Chinese cities continued to rise in November, signalling a warming real estate market following government pro-growth measures.
For years foreign investors have tried to jumpstart China's senior housing and care market. So far, none have succeeded.
Moody's Investors Service has changed its outlook for China's property industry to stable from negative on the expectation that sales and access to funding will continue to improve in 2013.
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