BEIJING, March 15, 2016 (Xinhua) -- Minister of Housing and Urban-Rural Development Chen Zhenggao answers questions at a press conference on rebuilding shantytowns and real estate development on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 15, 2016. (Xinhua/Chen Yichen)
BEIJING, March 15 (Xinhua) -- China's property market will continue to experience a steady and healthy development thanks to sound economic fundamentals and enormous housing demand, an official said Tuesday.
"I am confident in the development of the sector," Chen Zhenggao, minister of housing and urban-rural development, said at a press conference on the sidelines of the annual parliamentary session.
He cited several favorable factors including stable economic growth, rapid pace of urbanization and huge demand from urban dwellers.
BEIJING, March 12 (Xinhua) -- Investment in China's property sector rose 3 percent year on year in the first two months of 2016, making notable improvement, official data showed Saturday.
The growth rate was higher than the 1-percent increase for the entirety of 2015. It marks an end to a continuous deceleration over the past two years in the growth of China's property investment. Full Story
BEIJING. March 2 (Xinhua) -- Wang Xin was close to buying an apartment in downtown Beijing for 3.3 million yuan (500,000 U.S. dollars), but the home owner raised the price by 20,000 yuan at the last minute.
Wang agreed to pay the extra money, but the deal fell through anyway. The home owner went with an estate agent, who promised to sell the apartment for 470,000 yuan more. Full Story