News update
ICBC adapts favorable mortgage rate
The Industrial and Commercial Bank of China, the country´s biggest lender, has begun offering preferential mortgage rates to qualified clients. More than one million customers are expected to benefit from the new rates.
Market response
House loans interest rate cut needs application
At the beginning of this year, big banks finally gave detailed information about the conditions for loan applicants who want to qualify for the 30 percent reduction in interest rates.
Shanxi investors woos Beijing´s high-end properties
A group of tycoons from Shanxi province are now in Beijing to snap up some of the most expensive units on offer.
- ICBC adapts favorable mortgage rate
- Shenzhen may lead real estate revival in mainland
- Experts: Home buyers should take it easy
- Chinese banks expand house loan preferences to cut debtor burden
- Sales slow for new affordable housing in Guangzhou
- Property developers launch more marketing campaigns at year end
- Beijing commercial property sales sluggish
- Property price growth drops to 3-year low
- More properties sold in Nov. over Oct.
- Affordable housing less attractive amid gloomy property prices
Analysis
Hua Wei, Director of Real Estate Research Center of Shanghai Fudan University
"The principle of the central government is to support the demand of ordinary commercial housing for self-use. In addition, it´s given the local government a lot of lee-way in deciding how to support the policies."
Bai Chong-en, Professor of Tsinghua University
"The new measures will boost the country´s domestic demand, which is important during the current financial crisis."
Li Wenjie, Vice Chairman of BJ Real Estate Agents Assoc.
"Based on the current market situation, the pervasive promotions will spread at the end of this year. More discounts may be offered. The all-around adjustments may pull prices back to 2006 levels, maybe even 2005 levels."
