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A person purchasing a unit title purchases a principal unit, which is designed as a place of business or residence; [6] any accessory units included in the title for the principal unit, such as car parks and storage lockers; [7] [8] and a beneficial interest in the common property, such as corridors, air ducts, building structure and entry ways ...
In September 2011 alone, work commenced on 1.2 million units across China; a 70% increase in the construction of social housing compared with 2010 construction. [9] By 2014, Chinese builders have added 100 billion square feet of housing space in China, equating to 74 square feet per person. Construction of urban housing was a major undertaking.
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises.. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and five 2007 interest rate increases—due to ...
Fitch currently ranks China as A+, meaning it considers Chinese debt to be of “high credit quality.” The country has held that status since 2007, making it one of Fitch’s “most stable ...
An investor who wants to invest or develop land or property in China must bear in mind China's property laws, most notably the property law introduced in 2007, [7] which for the first time protects the interest of private investors to the same extent as that of national interests. [8]
The Chinese emphasis on a person's ancestral home is a legacy of its history as an agrarian society, where a family would often be tied to its land for generations.In Chinese culture, the importance of family and regional identity are such that a person's ancestral home or birthplace plays an important social role in personal identity.
The Property Law of the People's Republic of China (Chinese: 中华人民共和国物权法; pinyin: Zhōnghuá Rénmín Gònghéguó Wùquán Fǎ) is a property law adopted by the National People's Congress in 2007 (on March 16 [1]) that went into effect on October 1, 2007.
He was one year into his new career in real estate, showing Bangkok properties to Chinese investors. Then the pandemic halted travel and spending. Even now, Chinese buyers are slow to return.