Property

CITIC Group considers spinning off real estate business

12 March 2010
CITIC Group, the state-owned financial conglomerate, is planning to spin off its real estate unit in an initial public offering in order to raise funds for expansion, state media reported.  more...

Property prices rise 10.7% yoy in February

11 March 2010
Property prices in China rose 10.7% year-on-year in February, according to new figures released by the National Bureau of Statistics, the Wall Street Journal reported.  more...

50% down payment now required for land purchases

11 March 2010
According to a message posted on its web site, the Ministry of Land and Resources will now require a down payment of 50% for land purchases, Bloomberg reported.  more...
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