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  • October 30, 2014
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  1. Business - Companies - PROPERTY

    Detention of chief at property firm Agile spooks market over debt

    Posted Oct 13th 2014, 11:11am by Peggy Sito, Langi Chiang

    ... Chen to remain chairman of Agile. CLSA said the company faced the risk of a breach of that loan. Agile said in Friday's announcement that Chen remained its chairman but that non-executive directors Luk and Chan had been named acting co-chairmen. "Weak sales performance and project delays increase our concerns on its execution," Macquarie said in its latest report. ...

    http://www.scmp.com/business/companies/article/1615625/agile-shares-tumble-after-week-long-suspension
  2. News - Hong Kong - PROPERTY

    Rural committee chief backs proposed change to 'squatters' law'

    Posted Oct 21st 2014, 04:33am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Proposal would prevent occupiers from exploiting system and taking possession of property after 12 years without notifying owner Rural leader backs change to 'squatters' law' Rural strongman Lam Kam-kwai support ...

    http://www.scmp.com/news/hong-kong/article/1620757/rural-committee-chief-backs-proposed-change-squatters-law
  3. Property - Hong Kong & China - PROPERTY

    Tung Chung hotel site tender draws warm response

    Posted Oct 18th 2014, 04:26am by Peggy Sito, Sandy Li

    ... InterContinental Hotels had appointed an international property consultant to put the 503-room InterContinental Hong Kong in Tsim Sha Tsui up for sale. Kenneth Macpherson, the group's chief executive ...

    http://www.scmp.com/property/hong-kong-china/article/1618826/tung-chung-hotel-site-tender-draws-warm-response
  4. Property - Hong Kong & China - PROPERTY

    Official forecast of 74,000 new homes in Hong Kong hailed as a record

    Posted Oct 24th 2014, 01:59pm by Sandy Li

    ... sold all of last year. "Such a high level of supply coupled with a potential interest rate hike will add to pressure on home prices," said Buggle Lau Ka-fai, chief analyst at Midland ...

    http://www.scmp.com/property/hong-kong-china/article/1623706/official-forecast-74000-new-homes-hong-kong-hailed-record
  5. Property - Hong Kong & China - PROPERTY

    Hong Kong home buying surge slows on absence of new projects

    Posted Oct 13th 2014, 04:02am by Peggy Sito

    ... projects in Tseung Kwan O will be launched. Sammy Po, the chief executive at Midland Realty's residential department, said developers might offer flexible pricing strategies for projects ...

    http://www.scmp.com/property/hong-kong-china/article/1615295/hong-kong-home-buying-surge-slows-absence-new-projects
  6. Business - Economy - PROPERTY

    China property sales rise 41.5 per cent month-on-month in September

    Posted Oct 21st 2014, 12:03pm by Langi Chiang

    ... and trending down, despite policy relaxation," said Kevin Lai, Daiwa's chief China economist. "It will take many years for all the inventories to be fully digested." Unsold property ...

    http://www.scmp.com/business/economy/article/1621180/signs-stabilisation-chinas-property-market-amid-policy-relaxation
  7. Property - Hong Kong & China - PROPERTY

    Beijing casts net far and wide in anti-graft push

    Posted Oct 20th 2014, 04:56am by Langi Chiang

    ... against corruption, although we believe it will continue the intensity in rounding up corrupt officials in coming months," said Lu Ting, the chief China economist at Bank of America Merrill ...

    http://www.scmp.com/property/hong-kong-china/article/1620049/beijing-casts-net-far-and-wide-anti-graft-push
  8. Property - Hong Kong & China - PROPERTY

    Growth model for Chinese developers 'is broken', BlackRock says

    Posted Oct 15th 2014, 05:15am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Opportunities may open up for foreign funds to enter the market as mainland players sit on huge debt piles, says BlackRock executive Breakdown seen ... said. Rising numbers of shareholders in mainland developers would likely seek out foreign funds to boost equity, said Rob Blain, regional executive chairman of commercial property firm CBRE. ...

    http://www.scmp.com/property/hong-kong-china/article/1616494/growth-model-chinese-developers-broken-blackrock-says
  9. Property - Hong Kong & China - PROPERTY

    Competition for cheap home loans seen crimping demand

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

    ... but transactions are unlikely to revive for the rest of this year," said Li Wenjiang, chief analyst at property consultancy Hopefluent (China) in Guangzhou. He and other analysts said banks would ...

    http://www.scmp.com/property/hong-kong-china/article/1615415/competition-cheap-home-loans-seen-crimping-demand
  10. Property - Hong Kong & China - PROPERTY

    China home prices fall for 5 straight months

    Posted Oct 02nd 2014, 10:38am by Sandy Li

    ... Sales should begin to pick up after the rates are relaxed. "We have seen potential buyers quicken their decision after the credit relaxation," said Andy Lee Yiu-chi, the chief executive for southern China at property agency Centaline China. "Sales of new homes in Shenzhen and Guangzhou handled by us were 30 per cent more before the credit loosening." The relaxed ...

    http://www.scmp.com/property/hong-kong-china/article/1607513/china-home-prices-fall-5-straight-months

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