New home prices in China’s 70 big cities fell for a sixth month and values in the secondary market declined the most in nine years. Policy makers are trying out a wide range of measures to stabilize ... ( read original story ...)
China property: ordinary buyers eye foreclosed homes at heavy discounts as investors retreat from market
A growing number of ordinary homebuyers looking to occupy their house rather than invest are looking at properties that have been repossessed by banks as a supply surge brings prices even lower. ( read original story ...)
Shanghai Expo to benefit common residents
China's successful bid to host the 2010 World Expo in Shanghai will bring great benefits to local residents, commentators predict. Dr. Chen Wei, researcher with the Economics Institute of Shanghai ... ( read original story ...)
88-Year-Old Man In China Leaves Property Worth Rs 3.8 Crore To Fruit Seller
An 88-year-old man in China left all his assets, including a property worth 3.3 million yuan ($460,000), to a fruit seller who was not related to him. ( read original story ...)
Shocking! Man Transfers Property Worth Rs 4 Crore To Fruit Vendor; Here’s Why
In an unusual turn of events in Shanghai, an 88-year-old man has transferred properties worth approximately 4 crore rupees. ( read original story ...)
Chinese property developer Powerlong signs restructuring deal with creditors in ‘significant progress’ for debt solution plan
Distressed Chinese developer Powerlong Real Estate Holdings unveiled the preliminary terms of a restructuring agreement with an ad hoc group (AHG) of creditors late on Thursday, a deal which is ... ( read original story ...)
China’s property meltdown is battering middle class wealth
Some middle class households are pulling away from investing, or selling assets to free-up liquidity. Read more at straitstimes.com. ( read original story ...)