Chinese Real Estate Brokers Need to Reduce Fees

Housing regulator explains that Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy sector development, Invest-Ga ...

New home sales in China Jump 55.7% MoM in March

New home sales in China surge 55.7% month-on-month in March 2023, compared to a growth of 31.9% in the previous month, Invest-Gate reports.

China’s Homes Sales Rise 15% YoY in February

China changes its policies to help the real estate industry including easing financing for developers and taking steps to revive homebuyer demand.

China Likely to Offer ¥160 Bn to Major Developers

According to the plan, the People’s Bank of China is set to inject ¥80 bn worth of loans at 1.75% interest.

Home prices in China Shrink 2.3% YoY in 2022

The latest decline comes after weeks of announcing a plan by policymakers to revive the market.

Property Deals Hit 8-Month High in Hong Kong

Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.

Chinese Property Companies Raise 33.4% YoY More Finance in December

The People's Bank of China states earlier this month that the floor on mortgage rates can be lowered or abolished for first-time home buyers in phases, in the case of cities where the selling prices of new homes f ...

India to Lead Global Demand for Steel in 2023

The forecast flourishing of Indian demand for steel, coupled with the decelerated demand in China caused by the surge in Covid cases, position India as a savior of the global demand for the metal.

Ascott Secures 25 New Properties Globally Despite Pandemic

CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.

Egypt, China to Build EGP 303 mn Substation in Madinaty II

The Egyptian Electricity Transmission Company (EETC) has partnered with a Chinese consortium to build a substation in Madinaty II, east Cairo, at costs estimated at EGP 303 mn.

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