The Chinese government plan to impose charge 20 per cent tax on profits from sales of homes will not be able to help the government much in controlling soaring property prices, according to State Counselor Li Qingyun.

Nearly 88 per cent of U. S. cities witnessed increase in prices of single-family in the final three months of last year as, thanks to job creation and favorable affordability conditions, the National Association of Realtors (NAR) said.

The Interim Rental Housing (IRH) scheme will be revised to better assist Singaporean families that fall hardships and need urgent housing, National Development Minister Khaw Boon Wan announced.

Making the announcement via a blog post, Mr. Khaw said that the National Development Ministry and the Housing & Development Board (HDB) would enhance the scheme in several ways.

Fortune Real Estate Investment Trust (Fortune REIT) has announced its plans to buy Hong Kong-based two retail properties, viz. Belvedere Garden Property and Provident Centre Property, for HK$1.9 billion.

A total of 650 Housing & Development Board (HDB) flats owners in Boon Lay Drive will get new homes, thanks to the government's Selective En bloc Redevelopment Scheme (SERS).

The Housing Development Board (HDB) will construct 1,600 new car park lots during 2012, National Development Minister Khaw Boon Wan has announced.

The new parking lots to be constructed next year will be in addition to the 3,400 parking lots constructed during the past two years.The construction of parking lots will cost to the tune of $66 million.

The Council for Estate Agencies (CEA), the real estate industry regulatory, recently launched its first educational brochure on estate agency work.

The educational brochure, titled Consumer Tips for Engaging a Real Estate Salesperson, aims to provide consumers with essential practical information when dealing with property agents.