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  • August 30, 2014
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  1. Property - Hong Kong & China - PROPERTY

    Chinese finance firms target Central offices

    Posted Aug 18th 2014, 03:56am by Peggy Sito

    ... Savills. Outside Central, mainland firms are much less active. "As international financial services continue to contract, [mainland] firms are taking up the slack," Simon Smith, head of research and consultancy at Savills Hong Kong, said in the report. The international financial services community is still cutting costs and the trend is for multinational corporations to either ...

    http://www.scmp.com/property/hong-kong-china/article/1575679/chinese-finance-firms-target-central-offices
  2. Business - Companies - PROPERTY

    Developer China Vast profit drops 17.7pc

    Posted Aug 29th 2014, 11:03am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com China Vast Industrial Urban Development, a Chinese developer newly listed in Hong Kong, reported on Friday morning that its net profit dropped 17.7 per cent in the first half to 449.95 million yuan (HK$565.74 million) from the same period last year as taxes and cost of servicing loans jumped. The developer, which made its debut in the Hong Kong bourse ...

    http://www.scmp.com/business/companies/article/1581660/developer-china-vast-profit-drops-177pc
  3. Property - Hong Kong & China - PROPERTY

    China property policies undergoing renovation

    Posted Aug 18th 2014, 03:56am by Langi Chiang

    ... the mainland's property market had shrugged off a brief downturn during the global financial crisis and home prices were soaring. Now, about half a year into a new correction, most of them have either ...

    http://www.scmp.com/property/hong-kong-china/article/1575688/china-property-policies-undergoing-renovation
  4. News - China - PROPERTY

    Developer Socam rejects Beijing Jingda's writ accusing it of document theft

    Posted Aug 14th 2014, 03:04am by Sandy Li

    ... rejected claims that it stole financial documents belonging to a mainland company linked to the son of late state leader Hu Yaobang, insisting that it never took the paperwork related to a luxury ... later it discovered that financial documents, account books and contracts were missing, it said. Without the records it could not process property titles and tax payments related to the project, ...

    http://www.scmp.com/news/china/article/1573078/developer-socam-rejects-beijing-jingdas-writ-accusing-it-document-theft
  5. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... fiscal and financial] systems still plaguing the industry." ...

    http://www.scmp.com/property/hong-kong-china/article/1569027/government-not-serious-about-lower-home-prices-developer
  6. Property - Hong Kong & China - PROPERTY

    Luxury homes taken off the market as big-ticket buyers refuse to pay top prices

    Posted Aug 04th 2014, 03:38am by Sandy Li

    ... in such big-ticket transactions are becoming more cautious," said Charles Chan, the managing director of valuation and professional services at Savills. On Thursday, Sun Hung Kai Properties and New ...

    http://www.scmp.com/property/hong-kong-china/article/1565762/tender-flops-point-cooling-luxury-home-sector-hong-kong
  7. News - Hong Kong - PROPERTY

    Shock as Stanley's popular Apple Mall slated for closure due to fee increase

    Posted Jul 31st 2014, 04:41am by BRIAN YAP

    ... on Stanley Market Road face losing their businesses, and some say they will suffer financial hardship after buying up stock in the expectation that they could continue trading. They say the closure ...

    http://www.scmp.com/news/hong-kong/article/1562949/shock-stanleys-popular-apple-mall-slated-closure-due-fee-increase
  8. Property - Hong Kong & China - PROPERTY

    China approves reverse mortgage pilot scheme

    Posted Jun 24th 2014, 05:58am by Reuters

    ... are extended to older citizens who use their homes as collateral to receive regular payments from insurers. They help broaden financial resources for the elderly and expand the types of retirement services offered by insurers, the regulator said. "The scheme provides a new way for old-age care," it said. A proposal for the pilot programme was published last year but some experts ...

    http://www.scmp.com/property/hong-kong-china/article/1539194/china-approves-reverse-mortgage-pilot-scheme
  9. Property - Hong Kong & China - PROPERTY

    Hong Kong-listed Lai Fung pays record price for Shanghai parcel

    Posted Jul 10th 2014, 04:56am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Lai Fung bucks trend with Shanghai plot buy Shanghai sold a small residential parcel to Hong Kong-listed Lai Fung Holdings at a record price yesterday, bucking the nationwide trend of a cooling real estate market. The 6,885 square metre property, near the Huangpu River snaking through the city's financial hub, was sold for 577 million yuan ...

    http://www.scmp.com/property/hong-kong-china/article/1550674/hong-kong-listed-lai-fung-pays-record-price-shanghai-parcel
  10. Property - Hong Kong & China - PROPERTY

    Cofco sees joy in growing mall rentals from Chinese cities

    Posted Jul 07th 2014, 05:28am by Langi Chiang

    ... Currently, they are not included in the financial results of Cofco Land. The opening yesterday caused rare traffic jams in Yantai, a city with GDP per capita of about 80,000 yuan (HK$100,000) last ...

    http://www.scmp.com/property/hong-kong-china/article/1548272/cofco-sees-joy-growing-mall-rentals-chinese-cities

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