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DARK POOLS INVADE ASIA
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AseanAffairs Magazine January - February 2011
CONTENT • ASEAN TALK
ASEAN COMMODITIES • ASEAN TECH
• ASEAN CORPORATE GOVERNANCE

• ASEAN TRAVELLER

• ASEAN ECONOMICS • BEYOND ASEAN  
• ASEAN ENVIRONMENT  INSIDE OUT 
• ASEAN POLITICS    • OPINION   
• ASEAN REAL ESTATE    • SAVE OUR PLANET 

DARK POOLS INVADE ASIA
With the growth of the Asean economies, David Swartzentruber reports on the entry of Dark Pool electronic trading platforms into the region.



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By George Betz, Fortune International Real Estate Investments

  

BUYING PROPERTY IN CHINA

China’s property “import & export” market-looking at real estate investment in china and abroad.

Articles and descriptions of China, her market and business potential tend to use superlatives and generally an expression of awe, sometimes fear, often euphoria, but, never indifference.

The latest edition of the UK-based magazine OPP (Overseas Property Professional) will focus on Chinese investors buying property abroad. Before I draw conclusions, I thought, let’s first take a look at the opposite and glimpse at the data about buying property in mainland China.

China is a vast nation, with thousands of years of history and a rich cultural heritage. For property investors, much of the interest is focused on Beijing and Shanghai. China’s economic growth has been staggering, and this has convinced many to try and invest in the country, despite the tight controls the government likes to keep on the market. How has this growth and subsequent state intervention impacted the market?

PROPERTY PRICES

House prices in China are on the rise, with real estate web site ehomeday.com reporting a 9.8 percent average increase in the year to April 2010. According to official government statistics looking at 70 cities across the country, real estate prices rose by 12.8 percent in the same period.

GOVERNMENT INTERVENTION

The government has introduced a string of measures aimed at reducing property speculation. Those wishing to buy second homes must have a down payment of at least 50 percent, and face mortgage rates at 110 percent of the benchmark.

Obtaining mortgage finance is almost impossible for non-locals, who must prove at least one year of tax payments and social security contributions. In November, it was announced that foreigners would be limited to one mainland property each.
The success of these measures has been limited so far, with National Statistics Bureau figures showing an 8.6 percent increase in urban property prices in October, the 17th consecutive month of year-on-year gains.
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