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  • November 23, 2014
  • Last updated: 6:07pm
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Results 1 - 10 of 14 for bank deposits

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  1. Property - Hong Kong & China - PROPERTY

    China lenders unlikely to sell cheap mortgages

    Posted May 19th 2014, 03:22am by Langi Chiang

    ... banks. By offering much higher return than bank deposits, funds under management by Alibaba Group's Yu E Bao nearly tripled to 541 billion yuan (HK$672.6 billion) over the three months ... Langi Chiang langi.chiang@scmp.com Looser policy and deeper price cuts could be the way to go to prop up the housing market as mainland banks seek to protect their margins Lenders unlikely ...

  2. Property - Hong Kong & China - PROPERTY

    Competition for cheap home loans seen crimping demand

    Posted Oct 13th 2014, 04:02am by Langi Chiang

    ... simply parking huge amounts as cheap deposits at banks. A report in May from the Hubei province showed the yield for its local housing provident fund was below 2 per cent last year. The fund had ... Langi Chiang langi.chiang@scmp.com Quota snapped up in minutes, leaving most buyers facing bank mortgages at higher rate Competition for cheap loans seen crimping demand Home buyers ...

  3. News - Hong Kong - PROPERTY

    Would-be buyers say they were 'misled' by agent over deposits

    Posted Nov 11th 2013, 06:21am by SAMUEL CHAN

    ... told to sign on the spot. "We felt cheated. It was clearly a misleading sales tactic." Both buyers, who had the deposits refunded late last week, said their banks had agreed to waive ... and said its agents would have explained to buyers that a transaction would be made if they chose to pay their deposit by credit card, and that their banks might insist on customers settling ...

  4. Property - Hong Kong & China - PROPERTY

    China developers resist pressure to cut prices, leading to market standoff

    Posted Sep 29th 2014, 02:11am by Langi Chiang

    ... suggested the economy might have deteriorated again after a brief pick-up in the second quarter on mini-stimulus measures. More economists have recently started to predict that the central bank would soon lower deposit requirements and mortgage rates for first-home buyers, after about 40 cities eased home purchase restrictions. The curbs remain in Beijing, Shanghai, Shenzhen ...

  5. News - Hong Kong - PROPERTY

    Hotel scheme holds high risks for buyers who saved on stamp duty

    Posted Feb 22nd 2013, 12:00am by Joyce Man, Olga Wong and Paggie Leung

    ... which will still be better than depositing my money in the bank," he said. "After all, I still own a unit I purchased at a lower-than-market price of about HK$5,000 per sq ft." Even if the return can't be as high as HK$14,000 per month, I can hope for HK$10,000 or HK$8,000- which will still be better than depositing my money in the bank His agent had told him ...

  6. Property - Hong Kong & China - PROPERTY

    Beijing's credit easing gives hope to cash-strapped property developers

    Posted Oct 06th 2014, 04:05am by Peggy Sito

    ... Ocean Land, KWG and China Vanke- have managed to maintain positive operating cash flows, with only Vanke doing so consistently since 2008. The People's Bank of China and the China Banking ... fully repaid an outstanding mortgage loan will be considered first-time home buyers, the central bank and CBRC said in their joint statement. Thus, they only need to come up with 30 per cent ...

  7. Property - Hong Kong & China - PROPERTY

    Drop in mainland China home prices causing alarm

    Posted Sep 01st 2014, 04:10am by DANIEL REN; LANGI CHIANG

    ... that high deposits for mortgage loans, of 30 per cent for first homes and 60 to 70 per cent for second homes, will ward off a disaster similar to the subprime crisis in the United States. Banks have ... Property broker Zhou Chen is helping a Hangzhou bank sell a villa of more than 400 sq metres with a large garden about 15 minutes' drive from renowned West Lake after the owner defaulted ...

  8. Property - Hong Kong & China - PROPERTY

    China homes not hit in cash crunch

    Posted Jun 28th 2013, 12:00am by Paggie Leung

    ... in cash crunch The recent cash crunch on the mainland may have caused some banks to slash discounts on home mortgage rates, but market watchers believe the impact on the nation's property ... in applying for mortgages. "This is because some developers are co-operating with banks in offering mortgage loans to buyers, although [the latest crisis] will make developers wait longer than ...

  9. Property - Hong Kong & China - PROPERTY

    Pace of home price falls ease in China as market shows signs of stabilising

    Posted Oct 24th 2014, 11:00am by Langi Chiang, Daniel Ren

    ... month to support the struggling sector, with the People's Bank of China widening the definition of first-home buyers with the aim of giving more people access to easier and cheaper mortgage loans as part of its efforts to stimulate demand. However, analysts said the full impact of the measures had yet to be felt, as commercial banks had remained reluctant to offer deep discounts ...

  10. Business - China Business - PROPERTY

    Minsheng fund goes all out in bid for pricey Shanghai site

    Posted Sep 08th 2014, 03:36pm by Daniel Ren

    ... on Shanghai's Bund that could fetch a record 30 billion yuan (HK$37.7 billion). If the fund secures the 200,000 square metre parcel of land on the west bank of the Huangpu River, it will develop ... strict criteria for the bidders, only cash-rich investors will be able to bid. For example, bidders are required to pay a deposit of five billion yuan. Based on an estimated price of 40,000 yuan ...




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