Search Articles

in

Recommended For You

Paying off mortgage is not a priority in US now
Paying off mortgage is not a priority in US now

The Business Times -
29 Aug 2014

Paying off mortgage is not a priority in US now


Parents step in to help design kids' dorms
Parents step in to help design kids' dorms

The Business Times -
29 Aug 2014

Some are paying big bucks to pamper their kids with that dream dorm...


Vanke offers discounts to Taobao shoppers
Vanke offers discounts to Taobao shoppers

The Business Times -
28 Aug 2014

Vanke offers discounts to Taobao shoppers



Latest Overseas Ads

Marina Tower, Docklands, Melbourne, Australia
Marina Tower, Docklands, Melbourne, Australia Condominium, For Sale

MARINA TOWER
MELBOURNE ICONIC Condo
By Hiap Hoe L


THE BRIDGE
THE BRIDGE Condominium, For Sale

THE BRIDGE OXLEY DIAMOND
CAMBODIA CO
LTD freehold


Marina Tower Australia Melbourne
Marina Tower Australia Melbourne Condominium, For Sale

MARINA TOWER MELBOURNE
By Hiap Hoe
Limited Launch



Featured Videos

Newsletter

Subscribe to receive the hottest news & property trends, updates on popular properties and promotions from STProperty & our partners

Overseas Property News

China ban on sale of homes on rural land remains

China has reinforced a ban on selling property built by villages or farmers on rural land, state media reported yesterday, dashing hopes for a quick policy change after a top-level party meeting.

The Business Times - November 26, 2013

| More
China ban on sale of homes on rural land remainsOut of reach: Sky-high property prices in urban projects such as these have driven many city dwellers to buy low-cost homes in the villages. - PHOTO: BLOOMBERG

[BEIJING] China has reinforced a ban on selling property built by villages or farmers on rural land, state media reported yesterday, dashing hopes for a quick policy change after a top-level party meeting.

The Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development have jointly issued an urgent circular ordering a halt to sales of "small-property-rights housing", which is built on rural land without going through state planning, the Economic Information Daily said.

Expectations that the government may relax controls on sales of such property rose after the party meeting this month pledged to allow rural construction land to be traded in a unified urban-rural market, enjoying the same rights and prices as state-owned land.

Chinese urban citizens have been prohibited from buying rural houses with limited property rights, with the government warning that such purchases do not enjoy legal protection. But sky-high property prices in cities have driven many urban dwellers to buy such low-cost homes.

"A buying frenzy has occurred in some places amid hopes that such 'small-property-rights housing' could be legalised," the newspaper said.

China's home prices have continued to set new records even after a four-year long official campaign to cool the market. The government is concerned that runaway prices could foment social unrest.

The paper quoted Xu Deming, a vice-land minister, as saying that the party plenum's decision to allow some rural land to enter a unified urban-rural land market was "on the premise of conforming to the planning and is under usage supervision".

In China, land in urban areas is owned by the state and can be freely traded. Land in rural areas is owned by collectives - villages and townships - and contracted out to farmers.

Rural land can only be used for property or industrial development after being requisitioned by the state. - Reuters

| More

Top City Fringe Projects with Cheapest Monthly Rents for a 3-Bedroom Unit

Top City Fringe Projects with Cheapest Monthly Rents for a 3-Bedroom Unit

ST701 Editorial Team - 25 Aug 2014

Which areas or specific projects should you target?


How a falling property market could impact the wider economy

How a falling property market could impact the wider economy

The Straits Times - 25 Aug 2014

UBS analysts' hypothetical picture provides food for thought


Resale market for Tanglin Halt hotting up

Resale market for Tanglin Halt hotting up

The Straits Times - 26 Aug 2014

Some flats on sale fetching premium prices after news of redevelopment

View articles from these categories

X

China developers targeting smaller cities

The Business Times - November 26, 2013