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  • September 16, 2014
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  1. Down Under real estate looks affordable

    Posted Aug 24th 2005, 12:00am by Staff Reporter

    ... and indications are it will be a busy October and November. Many Australians want to invest back home where prices seem to be more affordable. Also, following recent comments by Reserve Bank governor Ian ... In that speech, Mr McFarlane said housing in Sydney was overvalued and expensive and this made it particularly difficult for young people to buy. The average price in Sydney ranges from A$470,000 ...

  2. Wen promises to curb house prices

    Posted Mar 06th 2007, 12:00am by Minnie Chan

    ... Minnie Chan in Beijing Premier urges developers to build for low-income families Premier Wen Jiabao yesterday vowed to curb soaring property prices and build more housing for low-income ... of 'rational planning, scientific development and affordability'. Buildings should also be environmentally friendly and encourage energy efficiency. Mr Wen urged local governments to focus ...

  3. House prices could fall by 45pc

    Posted Nov 02nd 2011, 12:00am

    ... both a lack of affordability and a belief that property prices will be lower in the next 12-24 months, it said. 'Under a hard landing scenario, we would expect Hong Kong to face ...

  4. Time to change overall housing and land supply policies

    Posted Oct 04th 2010, 12:00am by Staff Reporter

    ... plus capital gains tax, even if housing costs are lower. However, a responsible government should also ensure that the majority of its people can have decent housing at affordable prices ... There are many facets to the current debate on runaway property prices and the government's role in balancing housing demand and supply. One positive aspect of the high property ...

  5. Government mortgages could rejuvenate housing sector

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... that I think can be improved. The demand for housing has been suppressed by the banking sector's reluctance to give mortgages. Lifting the mortgage interest rate to an artificially high level because of a paralysed inter-bank market and cutting the allowable debt-to-equity ratio, has kept many prospective buyers away except for cash buyers. The sluggish housing market has adversely ...

  6. Time for US to get its financial house in order

    Posted Sep 10th 2008, 12:00am by Staff Reporter

    ... will help steady the financial markets. But the US housing market is a long way from recovery. An assured flow of lending may slow a needed price correction that will make houses more affordable ... the stability of financial markets. The crisis, however, should not have been allowed to develop. It is time for the US to get its financial house in order. Buying up mortgages from banks ...

  7. Why banks can't afford to lose interest of depositors

    Posted May 31st 2009, 12:00am by Alan Alanson

    ... on deposits to 0.01 per cent, increasing our profit. Now, we cannot actually afford our depositor withdrawing his deposit since we only have HK$10 in cash. The problem is compounded for us as we have ...

  8. HK can afford to stop ranks of poor swelling

    Posted Sep 26th 2007, 12:00am by Staff Reporter

    ... The poor suffer most during times of inflation. Yet vulnerable groups in Hong Kong society rarely figure in discussions about the economy and its future. The revised inflation forecast announced by Financial Secretary John Tsang Chun-wah this week may not ...

  9. We can't afford to shelve the tax debate

    Posted Dec 17th 2006, 12:00am by Staff Reporter

    ... The news that the government's revenues are on track to leave its coffers overflowing with cash at the end of the financial year has given rise to renewed calls for salaries tax cuts and other relief measures in February's budget. This is hardly ...

  10. Government's measures could make things worse, not better

    Posted Aug 17th 2010, 12:00am by Jake Van Der Kamp

    ... unaffordable anyway. The chart shows you Centaline's affordability index for private homes, an estimate of how much of household income of a mortgaged flat is spent on servicing the mortgage ... rates. They push total housing costs down with the result that the more easily movable element of housing costs, property prices, go up. That's a problem if you don't already have ...




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