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ket condition gets righter it will pave the path for further investment.

Unlocking opportunities at China:

You may have seen the film National Treasure, in which Nicolas Cage has to unlock a multi-layered puzzle to find a vast treasure. C:\Documents and Settings\Administrator\Desktop\unlock.jpg

China is like that for many investors - a virtually limitless treasure chest with an enormous number of investment opportunities, if only one can find the darned key.

At the same time the country’s Land & Resources minister, Mr. Xu Shaoshi already have given warning regarding some rising unrest out of frustration among the people who cannot afford to buy a home. This alarmed people over their and also saw sales shooting up to about 70%. Minister Xu Shaoshi said 2.7 trillion yuan (S$527 billion) was spent on land transactions last year (2010), up from 1.59 trillion yuan a year earlier.

It has already tightened limits on mortgage lending to discourage investment buying that helped drive prices out of reach for many city dwellers. In September (2011) it said it would introduce a trial property tax in some major cities.

Apartment prices have spiked to record highs in some cities. The cost of real estate in Beijing rose by about 42 per cent last year, according to the China Real Estate Information Corp. Mr Xu said the ministry would make sure there is enough land available this year to build 10 million affordable homes.

China has also introduced a series of tax exemptions for companies engaged into building and managing public rental-housing projects. This will allow China to rely more on state-subsidized housing which in turn cool its overheated property market. The State Administration of Taxation has already stopped levying the tax on urban land use for land developed for public rental. These measures were of immense importance as in early 2010 Housing prices in China’s 70 largest cities rose 9.5% year-on-year in January, 1.3% higher than December, according to the National Development and Reform Commission. Prices of new home were up 11.3% from the same time last year and up 1.7% from the previous month, while secondary market prices increased by 8% year-on-year and just under 1% month-on-month.

This year China’s most established real estate investment forum, the 6th REIW China 2011 March 21-24, 2011 where they will promote a wide range of foreign and domestic Chinese property players as they vie for position in one of the world’s fastest growing markets. Thus this summit is expected to bring China a balanced and steady growing Real estate market.

Thus we can see that the Real estate market for some economies with major market share, discussed above gives a hint that, overall the sector is expecting a very optimistic time ahead.
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