Beijing Tuesday cancelled all favorable policies for buying housing in the Chinese capital, including those for foreigners, in a bid to strengthen control over its real estate market, the 21st Century Business Herald reported.
The news comes about 10 days before China’s top legislature, the National People’s Congress (NPC), convenes its annual session on March 5. [...]
Beijing will double daytime parking fees in downtown areas from April 1 in order to curb traffic congestion, said the municipal planning authority Tuesday.
The municipal committee of development and reform issued the notice on its website, stating the highest parking fees would be 10 yuan ($1.46) per hour in 13 zones, including shopping districts, railway [...]
Beijing’s real estate market trade plummeted in January with the price of property barely changing from the previous month, as the municipal government aims to curb investment-led demand in the housing market, Economic Information Daily reported Tuesday.
Sales of both ready-made homes and future-build properties almost halved from that of December in Beijing, with second-hand house [...]
The Beijing municipal government has torn up a commercial residential land contract that set the record last year as the most expensive residential land in Beijing.
Beijing municipal bureau of land and resources announced the news on its website yesterday.
According to the official announcement, the municipal bureau withdrew the contract with Dalong estate after the agency [...]
Property prices may have hit a new high in one Beijing district after China Overseas Property Co Ltd snapped up a parcel of land for a staggering 17,153 yuan ($2512) per sq m yesterday.
China Overseas Property, one of the country’s largest real estate firms, paid 5.97 billion yuan for the 348,000 sq m piece of [...]
Property trading in Beijing in the first two weeks of this year slumped, following a string of government moves to curb soaring real estate prices.
Beijing property transaction management authority said on its website Friday that sales of future delivery residential apartments during Jan. 1 to Jan. 13 were down 63.9 percent month on month to [...]
