BEIJING: In attempt to stabilise the property market, China's Ministry of Commerce recently said that it would keep a close eye on the "hot-money" inflows into China, especially in the real estate area, according to Beijing-based caijing.com.cn.
According to data from the commerce ministry, nearly 500 foreign property firms were established across China in the first nine months, attracting US$16.6 billion (RM51.79 billion), a 56% increase with the same period last year. Also, the percentage of unitised foreign direct investment saw a 5.7% hike to 22.38% year-on-year.
The ministry pledged to strengthen supervision over approval process and re-check land papers.
In the meantime, as part of its effort to restrict the inflows of speculative investment into its economy and easy inflationary pressures, China has imposed a new set of regulations limiting foreigners from buying residential and commercial property on the Chinese mainland.
According to data from the commerce ministry, nearly 500 foreign property firms were established across China in the first nine months, attracting US$16.6 billion (RM51.79 billion), a 56% increase with the same period last year. Also, the percentage of unitised foreign direct investment saw a 5.7% hike to 22.38% year-on-year.
The ministry pledged to strengthen supervision over approval process and re-check land papers.
In the meantime, as part of its effort to restrict the inflows of speculative investment into its economy and easy inflationary pressures, China has imposed a new set of regulations limiting foreigners from buying residential and commercial property on the Chinese mainland.
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