As the busy summer season of Expo 2010 Shanghai begins, hotel occupancy rates, especially in the Pudong new area, are reaching nearly 100 percent, while room rates are also increasing.
The housing market might be bogged down, but a tough local real estate policy that took effect last month has sparked chaotic competition among house buyers.
Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the US currency amid concern the nation's property market is overheating.
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.
Some speculative capital, or "hot money", from overseas has flowed into domestic trade and investment areas, including the property sector, the State Administration of Foreign Exchange (SAFE) said Tuesday. China has curbed hot money inflows
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
The new housing regulations have influenced Beijing's Tongzhou and Wangjing areas most as property prices dropped by 15 percent but rental climbed, as it did in Yizhuang and Majiapu, by more than seven percent, said Centaline Property's report.
Home transactions in some Chinese cities began decreasing in mid-April, China’s top economic planning agency said.
Government efforts to cool down the nation's red-hot property market are unlikely to have a major impact on China's building materials sector, according to a report from the China Building Material Circulation Association (CBMCA).
As the property market begins to show signs of cooling, agricultural produce such as garlic and mung beans have won favor from speculators.
The series of strict measures rolled out by the authorities to rein in soaring property prices over the past month seem to have only delayed purchases by potential buyers in most urban areas, latest statistics have showed.
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