More than two-thirds of the respondents of a local home ownership survey think it is extremely bad or simply bad timing to buy properties now.
Amid the recovery of the city's real estate market, commercial property sales in Beijing increased by over 30 percent year-on-year.
Pro-business lawmakers in Hong Kong asked the government not to meddle too extensively with the city's market economy by applying stamp duties on real estate transactions.
China will start the construction of around 6 million affordable housing units next year.
More than 5 million low and middle-income families across China will get their feet on the first rung of the property ladder next year thanks to the government's affordable housing policy.
Prices of second-hand homes in six major cities of China went up for the seventh consecutive month in October.
Land prices in 10 major cities across China rose 10.8 percent in October over the same period last year, in the first year-on-year increase this year.
Nearly two-thirds of Chinese people prefer to buy homes before they get married, while the average price they are willing to pay for an apartment is 13.4 times their annual family income, a survey showed on Monday.
Home buyers have frequently come across quality control problems in new housing, a phenomenon stemming from the practice of selling new homes before construction is completed.
The China Merchants Property Development Co Ltd reported a surge in its third-quarter net profits as the country's real estate market perked up.
China has stepped up efforts to construct affordable housing to give more low-income households access to inexpensive housing amid the country's rapid urbanization process.
China has basically completed construction on 4.8 million affordable housing units in the first nine months, one step closer to hitting its annual target.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
