China’s 2009 investments in the real estate industry rose 16.1 percent to 3.6 trillion yuan ($527 billion), the country’s housing ministry said today in a report ahead of a press conference.
Sales increased 42.1 percent to 930 million square meters, the ministry said. The government will build 2.8 million housing units this year, ensuring that the [...]
China overtook the United States as the world’s biggest property investment market last year and will probably keep the lead in 2010 on economic growth and a lower reliance on debt, Cushman &Wakefield LLP said.
Real estate investment in China more than doubled to $156.2 billion last year, while the total for the US slumped 64 [...]
Property speculators from Wenzhou who contributed to the sky-high real estate prices in the country’s largest city are moving their cash into debt-laden Dubai.
A group of 12 Wenzhou entrepreneurs just came back from a four-day visit in Dubai last Friday to scout the dwindling real estate market.
“Since the recession on real estate in Dubai, I’ve [...]
China invested a whopping 3.6 trillion yuan in the property market last year, a 16 percent year-on-year jump from 2008, the nation’s top statistician said at a news conference yesterday.
While property development investments rose 16.1 percent, sales and construction starts slowed, Ma Jiantang, head of the National Bureau of Statistics, said.
Property sales were up 43 [...]
China’s yuan-denominated individual home mortgage lending rose 1.4 trillion yuan ($204.98 billion) in 2009, up 47.9 percent from the previous year, said a report issued by the People’s Bank of China, the central bank, on Wednesday.
The growth rate was 37.4 percentage points higher than the previous year, said the report on China’s investment flow in [...]
China has emerged as the second biggest foreign investment contributor in Uganda for the year of 2009 despite the global economic downturn, said a report released by Uganda Investment Authority (UIA) on Thursday.
“Despite the general economic downturn around the world, Britain and China have continued to be the best investors in Uganda,” Maggie Kigozi, the [...]
