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Thread: China Q1 real estate loan up 16% yoy

  1. #1
    Join Date
    Feb 2011
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    Default China Q1 real estate loan up 16% yoy

    SHANGHAI - China's outstanding real estate loans in the first quarter rose 16.4 per cent from the same period a year ago, even as overall industrial lending slowed, data from the central bank showed.

    Banks in China had lent 13 trillion yuan (US$2 trillion) in outstanding loans to the property sector by end March, up 16.4 per cent from a year earlier, according to data posted on the People's Bank of China (PBOC) website on Wednesday.

    China's new home prices rose in March from a year earlier, a third consecutive month of rises, as home buyers rushed to finalise deals to avoid a new capital gains tax, which is expected to help slow increases in coming months as the government looks to crack down on speculation.
    China's central government said on March 1 that it planned to introduce a 20 per cent capital gains tax and higher down-payments and mortgage rates for second-time home buyers in cities where prices were deemed to be rising too fast.
    Ride at your own risk !!!

  2. #2
    Join Date
    Jun 2011
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    6,134

    Default

    This property craze is all over asia and china...no
    Stopping the bull
    In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...

  3. #3
    Join Date
    Mar 2008
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    1,014

    Default

    Quote Originally Posted by radha08
    This property craze is all over asia and china...no
    Stopping the bull
    good sign, and there seems to be no stopping... going forward

  4. #4
    Join Date
    Feb 2011
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    Default Meanwhile in Spain ...

    MADRID (AFP) - Spain's unemployment rate soared to a new record of 27.16 per cent of the workforce in the first quarter of 2013 as the number of those without jobs surpassed six million, official data showed on Thursday.
    Ride at your own risk !!!

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