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China must end property bubble, even if painful

BEIJING: China must tackle its property bubble for the sake of economic health and social stability, even if the market feels some short-term pain in the process, an official financial newspaper said on Thursday, April 22.

China tightens rules on ‘second home’ ownership

BEIJING: China will adopt a stricter standard in identifying whether a house is a "second home" when approving mortgage loans, a senior banking regulator said in remarks published on Thursday (April 22).

Hong Leong Group may double property investments in China to RM31 billion

KUALA LUMPUR: Malaysian conglomerate Hong Leong Group's unit GuocoLand Ltd may double its real estate  investments in China to some 66 billion yuan (RM31 billion) within two years in anticipation that lawmakers move to cool the property market in the world's third largest economy will create viable investment opportunities, Bloomberg reported.

Strong return of regional real estate funds

Regional real estate funds have been very quiet in Asia since mid-2008 — cautious about the impact of the US’ economic woes, besides the slowdown in the Singapore and Hong Kong markets then.

However, the middle of last year saw the mood change. Funds started buying into strategic real estate investments in Singapore, Hong Kong, Japan and China.

Greenland opens four luxury hotels in China

SHANGHAI: Greenland Group opened four luxury hotels -- Intercontinental Hotel, Green Eaton Hotel, and two Howard Johnsons on April 20, reported Shanghai Morning Post.