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  1. Tax rumour drags down developers

    Posted Jan 11th 2011, 12:00am by Peggy Sito

    ... Peggy Sito Shares of mainland developers came under pressure after yet another rumour about the launch of the long-awaited property tax. The Ministry of Finance has agreed in principle to allow Chongqing to impose a property tax in the first quarter of this year, Xinhua said, citing unidentified sources. Shanghai is also expected to levy the new tax in the first quarter, ...

    http://www.scmp.com/article/735400/tax-rumour-drags-down-developers
  2. New curbs to dampen holiday property prices

    Posted Apr 28th 2011, 12:00am

    ... for property sales. China's top economic planner, the National Development and Reform Commission (NDRC), is attempting to rein in 'excessive profits' in the residential property market, ... at the commission as saying, without elaborating. David Ji, head of research for Greater China at property consultancy DTZ, believed the NDRC's statement was aimed at cooling sentiment as developers ...

    http://www.scmp.com/article/966253/new-curbs-dampen-holiday-property-prices
  3. Developer Agile says sales target in reach

    Posted Aug 19th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Mainland developer Agile Property Holdings says a quarter of its projects have been affected by purchase restrictions implemented to cool the property ... over 1.3 billion yuan to almost 2.58 billion yuan. That excluded after-tax value gains on investment properties. Net profit margin rose 3.6 percentage points to 22 per cent. It declared ...

    http://www.scmp.com/article/976602/developer-agile-says-sales-target-reach
  4. Developer to build on profit

    Posted Sep 05th 2011, 12:00am

    ... Residential and commercial property developer Sunac China Holdings has posted a sound financial result in the first six months of the year, with revenue jumping 68 per cent to 1.33 billion ... the best return to shareholders,' the company says. Sunac China is a leading integrated residential and commercial property developer with a focus on large-scale, medium to high-end property ...

    http://www.scmp.com/article/978185/developer-build-profit
  5. Can online auction by 20 developers trigger a change of habit?

    Posted Dec 14th 2011, 12:00am

    ... a property will secure a 1.5 per cent commission from the developer. The chairman of SoHo China, Pan Shiyi, said earlier that developers would have to accept bids even if they were a lot lower than ... change buying habits in the property market there? On Sunday the group, including major players China Vanke, Soho China, and Huayuan Real Estate, will offer 95 properties for sale through ...

    http://www.scmp.com/article/987709/can-online-auction-20-developers-trigger-change-habit
  6. Beijing urged to keep its foot on property brake

    Posted Dec 10th 2011, 12:00am

    ... the policy stance against property speculation,' it said. Property sales have slumped by more than half across the nation, prompting developers such as China Vanke, China Overseas Land and Investment and Longfor Properties to cut prices by 20 to 40 per cent to raise cash. China Overseas Land and Investment (Coli) on Thursday said its contracted sales tumbled by 48 per cent to HK$3.5 ...

    http://www.scmp.com/article/987315/beijing-urged-keep-its-foot-property-brake
  7. Developers play safe on bidding

    Posted Nov 16th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Leading mainland developers have spent far less on land purchases during the property downturn than they did a year ago and about a third as much as in 2009, according to Centaline Property Agency. The ratio of land acquisition expense to property revenue by mainland developers was 21 per cent, the lowest recorded since the property agent started ...

    http://www.scmp.com/article/984956/developers-play-safe-bidding
  8. Developers likely to cut prices 15pc

    Posted Sep 14th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Developers of mainland residential properties are expected to adopt a price-cutting strategy to boost sales as cautious home seekers are reluctant to enter ... was sharply reducing demand, said Dickson Wong Hung, Centaline's chief executive for northern and southwestern China. Small developers would cut suburban home prices by as much as 20 per cent, ...

    http://www.scmp.com/article/978988/developers-likely-cut-prices-15pc
  9. China introduces property taxes in some cities to cool market

    Posted Jan 28th 2011, 12:00am by Sandy Li

    ... property prices,' Jun Ma, chief economist for Greater China at Deutsche Bank, said. In recent months, weekly transactions in 35 cities have nearly doubled from their October lows, putting ... to HK$11.68, Agile Property Holdings fell 5.31 per cent to HK$11.4 and China Overseas Land & Investment shed 4.9 per cent to close at HK$14.74. David Ng, head of regional property research at Royal ...

    http://www.scmp.com/article/737000/china-introduces-property-taxes-some-cities-cool-market
  10. Developers swoop on three luxury residential plots with aggressive bids

    Posted May 13th 2011, 12:00am

    ... for the completed flats] in future so... the land value of about HK$15,000 per sq ft is very reasonable,' said China Overseas Property Agency's director Tony Yau. The developer plans to build 10 ... gardens.' The developer is planning to build more than 60 detached houses, with a construction cost of about HK$4,000 to HK$5,000 per sq ft. China Overseas Land and Investment won the site on 62 ...

    http://www.scmp.com/article/967599/developers-swoop-three-luxury-residential-plots-aggressive-bids

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