Home » Real Estate Articles » China Restricts Foreign Property Investments
China Restricts Foreign Property Investments
The Chinese Ministry of Commerce has issued a statement indicating that China will tighten its restrictions on foreign real estate investment.
SINGAPORE, January 05, 2011 /Real Estate PR News/ -- According to a statement from the Chinese Ministry of Commerce (MOC), China will tighten its restrictions on foreign real estate investment.
The MOC has asked local authorities to increase supervision on property investment involving foreigners and strengthen risk controls on the real estate sector.
The statement stipulates; foreign funded developers will not be allowed to make profits through buying and reselling real estate projects.
The MOC also stated that it would strictly monitor all transactions in conjunction with the Ministry of Land and Resources and the State Administration of Foreign Exchange.
Foreign direct investment into China's property sector rose by forty eight percent to twenty billion US dollars within the first eleven months of this year, 2010.
Since the beginning of 2010 China has introduced a number of measures aimed at cracking down on property market speculation, in an attempt to stabilise China's rapidly rising property prices. The measures have included, prohibiting the issuance of mortgage loans for third home purchases and raising down payments.
According to the Chinese National Bureau of Statistics, property prices in seventy of China's cities rose by 0.3 percent in November 2010, and by 7.7 percent from the same time in 2009.
This shows that although property prices are still on the increase in China, the rate of increase has slowed, and it indicates that the Chinese Government's measures, designed to cool the property market, are working to some degree.
Main article - http://blog.oceanvillasgroup.com/china-restricts-foreign-property-investments/
Rebecca Smith
Ocean Villas Group
http://www.oceanvillasgroup.com
http://blog.oceanvillasgroup.com
Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe. We have an extensive range of property throughout the world which enables us to satisfy the goals of the most demanding investment portfolios.
With over three decades of experience in property investment and development worldwide and an after-sales service second to none, our focus is on providing quality, choice and the highest returns on investment without wasting your time.
We meticulously select and research each property before presenting it to you and operate a strict due diligence system that sets the minimum criteria that each investment property must achieve. As a result, you can be confident that we will only offer property to you which reaches the highest quality standards and offers the best returns on your investment.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com |
|
|
Press Release Contact Information:
Rebecca Smith
Ocean Villas Group
Director
Level 31, 6 Battery Road, Raffles Place
Singapore 049909
Voice: +65 63 208 359
Fax: +65 63 208 363
Website: Visit Our Website |
|
|
|
|
| REAL ESTATE ARCHIVE SEARCH |
|
|
| |
|
|
Advertise With Us |
About Us |
Contact Us