China - Housing 05 (Jul 16 - Oct 21)

[behappyalways]

中国街头这样的广告，看了能不脸红心跳？(组图)
http://www.wenxuecity.com/news/2016/09/20/5613678.html

[winston]

'Pigeon houses' take off

by Carrie Chen

Nine apartments in Shenzhen, with floor areas from 61.6 to 80.5 square feet, priced at 880,000 yuan (HK$1,033,326) per unit were sold out in half a day on Saturday.

The so-called "pigeon houses" became the smallest new homes in the mainland. And they were only about half the size of Hong Kong's smallest unit of AVA62 in Jordan, measuring 152 square feet.

The mini apartments are located in a 15-story building named Qiaocheng Shangyu in Nanshan district. It is a street away from the Shenzhen High-tech Industrial Park which hosts most of the city's technology companies, including Tencent (0700), ZTE (0763), TCL and Lenovo(0992).

Qiaocheng Shangyu was formerly a hotel, built in 2004. The nine rooms were originally hotel rooms on the sixth to 15 floor at the end of corridors.

All were equipped with a built-in bed and wardrobe. The bed being folded on the wall and put down when needed.

Apart from the nine flats, the developer is to offer about 160 units range from 376 to 484 sq ft in the near future.

The land on which the building stands was authorized in 1998, with a 70-year lease and also took up the quota on each hukou - or residence permit - for Shenzhen.

As the new "Design Code for Residential Buildings" published by Beijing in 2012 required residential areas to be no less than 236 sq ft, there will be no more mini apartments. But as the nine were built in 2004, they were not bound by the restriction.

Meanwhile, Nanjing has introduced new regulations due to rising prices.

Under the new rules, residents with local hukou are not allowed to buy a third home in the central district, while those without local hukou can not buy a second home.

Source: The Standard

[behappyalways]

睡床嵌入櫃　馬桶對正廚房
深圳百萬元64呎「蟻房」速售罄
http://hk.apple.nextmedia.com/internati ... 6/19782118

[behappyalways]

Train to Busan????

http://hk.apple.nextmedia.com/internati ... 1474784827

[behappyalways]

(6sqm????)

Then, over the last weekend, the Global Times reported that property developers in Shenzhen launched the sale of "pigeon loft" flats - 6 sq-m apartments for $133,000 (£102,000).

Pigeon lofts and tulip fever: What is going on in China’s property markets?
http://www.bbc.com/news/business-37482407

[behappyalways]

Billionaire: Chinese real estate is 'biggest bubble in history'
http://money.cnn.com/2016/09/28/investi ... index.html

[winston]

Tailor policy to homes market, cities urged

by Carrie Chen

Municipal governments should introduce localized mortgage policies to stimulate property markets in small cities and cool activity in big cities, Xinhua News Agency cited the China Index Academy as saying.

"The performance of the property market this year was confusing," the report quoted the academy's research director, Bai Yanjun, as saying.

On the average, new home price in 100 major cities jumped 14.91 percent from January to September - pushing prices to record highs - according to the China Real Estate Index System.

Prices have increased for 17 consecutive months, with a new home currently costing, on average, 12,617 yuan (HK$14,670) per square meter.

In August, the selling price of new homes rose in 64 of 70 medium and large mainland cities over July, with hikes ranging from 0.3 percent to 5.6 percent, according to the National Bureau of Statistics.

Bai blamed the gains on three factors - a weaker yuan, abundant capital for mortgages and inadequate land supply.

He said recent moves by municipal governments to tighten home-buying policies can help cool down the overheated market in the short term.

Bai expects policies to become more distinct between cities in the fourth quarter.

Among latest moves, Jinan, the capital of Shandong, raised the mininum downpayment for a buyer's first home to 30 percent from 20 percent.

For those purchasing a second home, Jinan, Wuxi and Chengdu all boosted minimum downpayments to 40 percent from 30 percent.

What's more, the highest amount that qualified buyers could borrow from the Personal Housing Accumulation Fund Loan was cut from 700,000 yuan to 600,000 yuan.

Source: The Standard HK

[behappyalways]

內地辣招遏樓市炒風　
3日內9市推限購令
http://hk.apple.nextmedia.com/internati ... 4/19790293

[winston]

Franklin Templeton focused on China, Hong Kong property sectors

Company targets well-capitalised, sound developers with significant exposure to tier-1 cities

Source: SCMP

http://www.scmp.com/business/article/20 ... ty-sectors

[winston]

China Property Bubble Could Cause $600 Billion in Bad Debts

by Lianting Tu

Price rise of 30% ‘suggests a bubble-like phenomena:’ Pimco
DBS sees 4.1 trillion yuan in soured loans on 30% price drop

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... -bad-debts