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The 2011 estimates by property analysts state that there are some 89 million empty properties and apartments in China, and that housing development in China is massively oversupplied and overvalued, and is a bubble waiting to burst with serious consequences in the future. [11]
Ownership rights are protected under Article 39 of The Property Law of the People's Republic of China, which gives the owner the right to possess, utilize, dispose of and obtain profits from the real property. However, this right has to comply with laws and social morality.
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
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 ...
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.
This is a list of Home Ownership Scheme (HOS) and Private Sector Participation Scheme (PSPS) Estates in Hong Kong. Estates of Green Form Subsidised Home Ownership Scheme (GFSHOS) and My Home Purchase Plan (MHPP) are also shown in the lists. They are housing estates sold by Hong Kong Housing Authority (HKHA) and Hong Kong Housing Society.
This page was last edited on 9 December 2022, at 12:05 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The claim that "home ownership just isn't a concept that matters or has any standing" in "communist …or whatever you would like to describe" certainly countries, presumably meaning China, Vietnam, Laos etc. simply cannot be justified according to any economics I'm familiar with.