Category: PROPERTY

Shanghai’s average salary per month is 7,108 yuan ($1,135) or 85,300 yuan a year. That puts local property in Shanghai at about 9 times median salaries in the city. Not bad. Let’s compare that to New York, where the median income is around $52,000 a ... ( read original story ...)

The Chinese government experimented with introducing a property tax in the cities of Shanghai and Chongqing in 2011. But the tax rate is less than 1 per cent and the regulations were carefully written to affect only the very wealthiest with the most ... ( read original story ...)

China’s housing boom is shifting from its biggest cities such as Beijing and Shanghai to provincial capitals, said Shanghai property developer CIFI holdings after the company posted a 28 per cent growth in 2016 full year net core profit. First-tier ... ( read original story ...)

BEIJING Hangzhou, in China's prosperous Zhejiang province near Shanghai, said on Thursday it would stop non-residents buying a second home there, as large cities step up their fight against property speculators. From March 3, residents of Hangzhou will not ... ( read original story ...)

Chinese private equity group Shanghai United Real Estate Investment has signed a "strategic agreement" with Sydney developer Crown Group to build apartments. The deal was signed in Shanghai this week, and any future joint development deals will be ... ( read original story ...)

Restrictions recently introduced by the government to cool the Chinese property market are unlikely to undergo much further tightening, according to Future Land Development. The Shanghai-based homebuilder said recent measures designed to rein in runaway ... ( read original story ...)

term of three years to Hong Kong Riswein Development Co., Limited. The initial conversion price of HK$0.22 per conversion share represents a premium of about 69.23% over the closing price of HK$0.13. A total of 7,500 million conversion shares will be ... ( read original story ...)