Category Archives: Real Estate

Land sale statistics for first half of 2013 released: Land sale for real estate development grew by 38.2%

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July 30, the Ministry of Land and Resources issued vital statistics about the land and resource management in mainland of China for the first half of 2013. Data showed that in the first half of 2013, the state-owned construction land supply amounted 277,500 hectares, an increase of 3.5% over the same period and the total land supply is at a high level in recent years.

World’s tallest building “Sky City(天空之城)” to be built in Changsha, China

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Consolidated Report by ChinaAbout.net: On the afternoon of July 20th, the foundation ceremony of the world’s tallest building, the 838 meters high “Sky City” was held in Changsha, capital city of central China’s Hunan Province. The height of the “Sky City will be 10 meters higher than the current world’s highest building of Burj Khalifa Tower in downtown Dubai.

What happens to properties in China after 70 years’ usage?

In China ownership of lands belongs to the government, people can only pay to use it within a certain period of time. Under current law, the term of use for residential land is 70 years, then 70 years later, what will happen to the houses? This fear involves two major concerns: First, if the land is retrieved by the government then will the building become a “castle in the air”?; Second, even the land is not taken back by the government; the owners will have to pay a fee the amount of which is unknown.

2012 National House Bra Cup Ranking in China

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According Southeast Morning News reports, an upscale bra is about 600 yuan (US$ 96) with an area of ​​0.02 square meters, which means that a square of bra will cost 30,000 yuan (US$ 4,800). Recently, a 2012 National House Bra Cup Ranking in China becomes popular on the internet.