Bloomberg Shanghai unveiled a package of measures designed to stem a surge in property prices in the metropolis, underscoring how regulators in top-tier cities are shifting gears in an economy where housing has been a brake on growth in recent years. The local government will tighten approval criteria for non-resident homebuyers, raise down-payment requirements for some second homes and ban ...

Bloomberg There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said. The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, said at a conference in ...

Bloomberg The tower designed by Spain’s Santiago Calatrava Valls that will be the centrepiece of Emaar Properties’ Dubai Creek Harbour development will be taller than the 828-metre tall Burj Khalifa. “It will be a notch taller than the Burj Khalifa,” said Emaar Properties chairman Mohamed Alabbar speaking at a briefing at the Dubai Creek Harbour site on April 10. Alabbar ...