The record high prices for the yellow metal this month, on the back of strong investor demand, has proved to be a windfall for bullion dealers and pawn shops.
To invest in commercial properties or pour money into luxury apartments, this has been the question frustrating Wenzhou businessman Alex Wang since the government launched its rigorous policies to curb speculative home purchases in mid-April.
The State Council has issued an urgent notice to governments at all levels urging them to set up and implement new compensation standards for land requisition before July.
Property shares led the gains on Monday as the mainland's key stock index experienced its biggest one-day rise in more than eight months. The surge came on hopes that tightening measures made by the central government had already released their negative energy.
Equities rally as economy concerns wane Analysts say more downside to come
China will not launch taxes on holdings of more than one residential apartment for at least another three years, a government think tank official has said.
Commercial banks can afford up to a 50 percent plunge in housing prices, the Shanghai Securities News reported Friday.
China's central government has allocated 16.7 billion yuan ($2.45 billion) to help fiscally stretched local governments solve the housing problems of low-income urban families, the Ministry of Finance said Thursday.
Beijing is to ban sales of apartments created from hotel properties because those apartments are unable to guarantee house buyers' rights and interests, the Caijing.com reported Thursday.
China has taken appropriate steps to tighten its monetary policy but it may need to raise interest rates if the country's real estate market continues to show signs of overheating, the Asian Development Bank's head said on Thursday.
The central government has urged provincial governments to step up efforts to ensure the supply of affordable housing by holding top provincial leaders accountable for the task.
China's real estate investment trust (REITs) plan is now in the last lap of approval from the State Council, after getting the green light from the concerned ministries, sources familiar with the matter said on Wednesday.
Land transfer fees have added more than 65 billion yuan ($9.5 billion) to the Shanghai municipal government's revenue so far this year, nearing the whole year level of 67.5 billion yuan in 2009, the 21st Century Business Herald reported Wednesday.
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