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  • April 18, 2014
  • Last updated: 5:33am
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  1. 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 ...

  2. Property - Hong Kong & China - PROPERTY

    China's 'land kings' under threat as tightening measures bite

    Posted Mar 08th 2014, 01:40am by Reuters

    ... 2009 real estate boom, the Chinese expression is used to describe developers willing to pay whatever it took to secure land banks. But while the cost of land in first-tier cities ... 3 per cent of the deals were forfeited by developers due to financing issues after they paid deposits, CRIC said. With prices in first-tier cities expected to slow to single-digit growth or stay ...

  3. Business - Companies - PROPERTY

    SHKP fundraising to boost land bank

    Posted Feb 28th 2014, 05:27pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com SHKP fundraising to boost land bank Sun Hung Kai Properties said first-half core profit fell 7.8 per cent as it announced plans to raise up to HK$22 billion by issuing bonus warrants to be used to build up its land bank in Hong Kong in the years ahead. The company said interim underlying profit slid to HK$10.64 billion for the six months to December ...

  4. Property - Hong Kong & China - PROPERTY

    Ningbo developer fails under weight of HK$4.4b debt

    Posted Mar 18th 2014, 01:13am by BLOOM

    ... Xingrun Real Estate doesn't have enough cash to repay creditors that include more than 15 banks, with China Construction Bank Corp holding more than 1 billion yuan of its debt, according ... Chinese nationalist leader Chiang Kai-Shek. Fenghua is in discussions with the banks and Ningbo on how to repay the debt, the people said. They said Zhejiang Xingrun has assets worth 3 billion ...

  5. Property - Hong Kong & China - PROPERTY

    China awaits leaders' plans for soft landing in property

    Posted Mar 04th 2014, 06:50am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com After days of rumours and denials that banks were freezing credit in real estate, all eyes are on this week's key meeting of top government leaders ... aspects of the world's second-biggest economy, including its frothy housing market. A dozen banks, including the Big Four state lenders, denied they had stopped lending to the property ...

  6. Property - Hong Kong & China - PROPERTY

    China's developers shrug off earnings risks from yuan depreciation

    Posted Mar 10th 2014, 06:10am by Langi Chiang, Jeanny Yu

    ... that the yuan could become more volatile, adding to expectations that Beijing would soon widen the daily trading band from 1 per cent on both sides of a midpoint set by the central bank. "With ... cost.]" Clifford Lee, head of fixed income at DBS Bank, said: "The yuan will continue to be weakish and it will stand where it is now by year's end." ...

  7. Property - Hong Kong & China - PROPERTY

    Dark clouds over Hong Kong's property market as 'perfect storm' looms

    Posted Mar 10th 2014, 06:10am by Sandy Li, Peggy Sito

    ... dependent on inter-generational transfer of equity, low supply and low interest rates," said Andrew Lawrence, the managing director of real estate equities research at Malaysian investment bank ... discontent. Lawrence said he expected interest rates and the exit of liquidity from the banking system would start to weigh on market sentiment in the months ahead. "In addition, given the change ...

  8. Property - Hong Kong & China - PROPERTY

    Beijing puts up 12 plots for sale by tender

    Posted Feb 03rd 2014, 04:07am by Langi Chiang

    ... for residential and financial use carries a bottom price of 3.55 billion yuan and requires a deposit of 1.1 billion yuan from bidders. In the first 23 days of this year, Beijing raked in land sale revenue ...

  9. Business - Banking & Finance - PROPERTY

    Tight availability of funds drives Chinese developers abroad to raise cash

    Posted Feb 04th 2014, 11:37am by Langi Chiang, Ray Chan

    ... of repeated media reports that the mainland will further tighten its rules on shadow banking activities, including those involving trust firms, which will be another heavy blow to small developers. ... products formerly or currently exposed to threat of default, 10 involved the property sector, the report said. Shadow banking is a lifeline for small developers, which are usually denied loans ...

  10. Property - International - PROPERTY

    Foreign buyers risk causing London housing bubble, say economists

    Posted Feb 05th 2014, 05:20am by The Guardian

    ... he said: "We cannot risk another property-linked boom-bust cycle which has done so much damage before." The governor of the Bank of England, Mark Carney, has played down fears ...




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