Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    First-half trends show reality of housing realty

    By Wang Ying | China Daily | Updated: 2018-08-06 07:37
    Share
    Share - WeChat
    Prospective homebuyers in Nantong, Jiangsu province, appear busy making up their minds at the sales office of a local residential project on June 14, 2018. [Photo/VCG]

    The first half of this year was eventful for China's residential property sector for several reasons, industry insiders said.

    While updated rules, fresh directives, new-home price drops and worsening sentiment among homebuyers hogged the limelight, industry people kept their focus on some key phrases, buzzwords and terminology that encapsulated the market trend.

    Here, China Daily presents a compilation of such property parlance.

    Mortgage rates up

    Mortgage rates have risen considerably since the beginning of this year. In May, the average mortgage rate for first-time homebuyers reached 5.6 percent nationwide, 1.1 times the benchmark, up 18 percent year-on-year. Average interest rate for first-time mortgage applicants has been increasing for 17 consecutive months. Experts said mildly higher mortgage rates can help regulate the property market and prevent systemic financial risks.

    1.8m yuan in rent

    China Vanke Co, a leading residential property developer, launched Beijing's first batch of rental housing in the capital's northern outskirts in April. The two types of apartments, sized 90 square meters and 180 sq m respectively, commanded monthly rents of up to 18,000 yuan ($2,648) and 40,000 yuan respectively, far higher than 6,000 yuan for a 90-sq-m flat nearby. The longest tenure of a lease contract for this kind of home can be 10 years. So, renting a 90-sq-m flat for 10 years could set one back by 1.8 million yuan.

    Talent hunt

    In contrast to first-tier cities that are striving to cap their population, more than 40 cities, including provincial capitals Nanjing, Wuhan, Chengdu, Xi'an and Changsha, announced a variety of favorable policies to attract talented professionals. On the first day that Tianjin announced its pro-talent policy, 300,000 people downloaded its app to apply for resident status. Consequently, an apartment that used to sell for about 2.2 million yuan ($324,700) suddenly appreciated by 200,000 yuan to 2.4 million yuan, the China Times reported.

    Registration system

    In the first half, China's real estate registration system was activated nationwide for full-fledged operations, the Ministry of Natural Resources announced in June. There are 3,001 property registration offices now across the country, serving more than 300,000 enterprises and people every day, said the ministry.

    Income tax

    China's personal income tax threshold is expected to rise to 5,000 yuan per month from the current 3,500 yuan, according to the draft amendment of individual income tax submitted in mid-June. For the first time, housing rent will be deductible from personal tax, along with the cost of children's education and continuing education, medical fees for major diseases, interest on housing loans.

    Top
    BACK TO THE TOP
    English
    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: 130349
    FOLLOW US
    CLOSE
     
    伊人久久一区二区三区无码| 亚洲精品无码高潮喷水在线| 亚洲AV无码一区二区乱子伦| 亚洲Av无码国产情品久久 | 中文字幕亚洲一区| 无码8090精品久久一区| 亚洲中文字幕无码不卡电影| 中文无码制服丝袜人妻av| 无码人妻精品一区二区三区66 | 亚洲AV无码乱码在线观看牲色| 无码国产精品一区二区免费虚拟VR| 免费AV一区二区三区无码| 亚洲av无码专区在线播放| 中文字幕在线免费| 性色欲网站人妻丰满中文久久不卡 | 人妻夜夜添夜夜无码AV| 久久亚洲AV无码精品色午夜麻豆 | 国产在线观看无码免费视频 | 亚洲中文字幕无码永久在线| 潮喷失禁大喷水aⅴ无码| 一本大道东京热无码一区| a亚洲欧美中文日韩在线v日本| 免费一区二区无码视频在线播放| 精品久久久久久久无码| 亚洲AV永久无码精品| 高潮潮喷奶水飞溅视频无码| 亚洲精品97久久中文字幕无码| 亚洲欧美日韩中文在线制服| 日无码在线观看| 无码精品人妻一区二区三区影院 | 天堂а√中文最新版地址在线| 亚洲国产精品成人AV无码久久综合影院| 国产成人无码久久久精品一| 少妇无码AV无码专区线| 无码137片内射在线影院| 无码国内精品久久人妻蜜桃| 中文字幕无码精品亚洲资源网久久| 人妻少妇看A偷人无码电影| 中文字幕亚洲一区二区va在线| 区三区激情福利综合中文字幕在线一区 | 在线看中文福利影院|