With the merging of the overseas- and domestic-sale sectors, Beijing’s housing market will offer foreign residents greater choice at lower cost.
Category: Property
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Beijing ends housing discrimination
The city of Beijing has done away with the distinction between housing for foreigners and local people, reported South China Morning Post. From the beginning of September, foreigners can buy houses and apartments anywhere in the city, said a land and bureau property official. The capital followed other major cities, including Shanghai, in unifying the […]
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Hutchison cuts back China holdings
The Hong Kong conglomerate Hutchison Whampoa has sold its 95 per cent stakes in two Chinese hotels, but insists it is not withdrawing from the market altogether. It has agreed to sell its holding in Beijing's fourstar Harbour Plaza Hotel to China Land Group, a property unit of China Strategic Holdings, for US$66m. Meanwhile, property […]
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Xiamen hotel up for grabs
An unfinished hotel in Xiamen was among the assets of the alleged smuggling leader Lai Changxing that were auctioned by order of the Communist Party's Central Commission for Discipline Inspection. However, Xiamen Yuan Hua International Hotel, located in the city's central business district, failed to attract a bidder. The money raised from the auction will […]
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