Pre-owned Home Market in Beijing Rebounds in Nov
releases the latest new home prices of 100 major cities and resale home prices of 10 key cites(main area)in China. As the most-cities-covered price index system in China, the index system is compiled based on data investigated by our analysts from 106 local branches. It aims to assist our clients to understand and identify the price trend in time.
Luxury Housing Sales Rise in Beijing
Luxury housing, mainly villas priced about 50,000 yuan ($7,948) per square meter, saw hefty sales of 412 units in November, up 52 percent year-on-year and 84.8 percent month-on-month.
The busy transactions ended three consecutive monthly sales declines in the capital's luxury housing market, and also marked the sector's largest sales volume in the city since April 2010. Total turnover amounted to 3.5 billion yuan, up 47.3 percent from last year. Motivated by the good results, industry insiders said many developers are mulling a markup of prices by upgrading their new houses, especially those around prime sites...
Approaching Land Reform
The land acquisition compensation standard was expected to be significantly improved. The 18th CPC National Congress report made it clear that “we should reform the land expropriation system and increase the share of gain in land value to farmers.” The amendment draft of Land Administration Law was submitted to the NPC Standing Committee for approval. According to some experts, the compensation may be increased at least by 10 times...