RCA in the commercial property press:

China Introduces Additional Curbs on Domestic Property Market

Bloomberg reports: According to Real Capital Analytics’ (RCA) latest Global Capital Trends, total commercial property and land sales totaled $197.1 billion in 2010. This was up by 23% from 2009 and was by far the highest transaction volume of any country. In a recent article on Bloomberg, it was acknowledged that these numbers were despite the Chinese government’s repeated attempts over the course of last year to cool property markets through restrictions on acquisitions and development.

With these seemingly untamable growth trends in mind, Chinese Premier Wen Jiabao released a statement on January 18th that, “…the government will ‘resolutely’ implement controls on the real-estate market in the first quarter, including curbing speculation and increasing supplies of affordable housing.”

For a complete outline of the new restrictions on commercial and residential real estate that the Chinese government is planning to institute in the coming weeks, please see the full article on Bloomberg.

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Posted by: Nina Turner

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