real estate

www.sfgate.com — China's home prices fell in 33 of 70 cities monitored by the government in October, the worst performance since it expanded property curbs and scrapped the reporting of national average housing data this year.

www.bloomberg.com — Frank He said he faked a divorce from his wife of 10 years to skirt China’s ban on third mortgages and obtain a bank loan for a third property, a 12 million yuan suburban villa.

www.ministryoftofu.com — Beijing’s prohibitively high real estate prices have plagued the city’s dwellers for years. Wealthy speculators who buy several pieces of real estate for investment purpose are a major reason why the prices can’t cease soaring, which takes heavy toll on less well-off purchasers. Earlier this week, Beijing announced a new set of rules to thwart speculation with a heavy hand.

www.cityweekend.com.cn — Further ambitious expansion plans for The Bund meet with groans from construction-weary Shanghainese. New landmarks will soon re-orient the city as Shanghai sprouts an expanded Puxi skyline. The South Bund faces a massive redevelopment plan slated to end in 2020 that will grow The Bund by 2.6 square kilometers and add 35 new skyscrapers to the western bank of the river.

www.chinahush.com — "We were sleeping when a group of people broke in and dragged us out, next moment our house was bulldozed flat with computer , freezer and everything still in it." cried a woman crouching in front of the ruin of her home with her son still searching his textbooks among the rubbles. It happened at 5 in the morning on May 13rd.