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  • July 30, 2014
  • Last updated: 10:08am
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  1. News - China Insider - CULTURE

    Mainland Chinese buyers contribute significantly to global art sales: report

    Posted Jul 16th 2014, 08:14pm by Jeremy Blum

    ... Jeremy Blum jeremy.blum@scmp.com Buyers in mainland China accounted for 24 per cent of global auctioneer Christie's profit for the first half of 2014 A new class of art aficionados ... Christie’s sales at its Asian auction houses declined by eight per cent, but sales to clients based in Asia rose to encompass 28 per cent of the company’s total half year profit. Buyers from Greater ...

  2. Comment - Blogs - hangcouver

    Sister act: Fake Chinese buyers distract from reality of Vancouver’s housing market

    Posted Jul 02nd 2014, 02:44pm by Ian Young

    ... handing down a modest punishment for last year’s use of fake Chinese buyers to drum up sales of a condo development. Savvy consumers might be used to keeping an eye out for Chinese fakes- but fake ... and Vancouver prices, the fact that 74 per cent of luxury buyers in 2010 had mainland Chinese names, and the sheer volume of  rich immigrants who have flocked to the city in the past decade.  More than ...

  3. Property - Hong Kong & China

    Chinese shopping couriers become major flat buyers

    Posted May 17th 2014, 02:03am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Mainland shopping couriers become major house buyers The booming online shopping market on the mainland has fuelled the growth of courier companies over the last few years and has turned them into the buyers of some of the most luxurious houses in Hong Kong. Property agents said Zhang Xiaojuan, vice-president of Shanghai YTO Express (Logistics), ...

  4. Business - China Business - POLLUTION

    Carmakers lure Chinese buyers with cars that provide refuge from smog

    Posted Apr 29th 2014, 01:15am by AFP

    ... Agence France-Presse in Beijing Major brands are seeking to lure buyers with purifiers that can help motorists breathe easier Carmakers in race to offer cleaner air inside vehicles Air ... blanketed the Chinese capital when the Beijing auto show opened to the public in the past week, showcasing more than 1,000 vehicles in the globe's largest car market. The grey haze ...

  5. Property - International

    Chinese overtake Russians as top foreign buyers of Manhattan homes

    Posted Apr 26th 2014, 01:22am by Reuters

    ... Reuters in New York and Sydney Chinese beat Russians as top Manhattan homebuyers For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, brokers ... in the West. Five of the top brokerages all ranked the Chinese first in both volume and value of sales among foreign buyers in New York City. Opinions differed on how the Russians, Europeans and South ...

  6. Property - International

    Chinese lead home-buying rush in US

    Posted Jul 09th 2014, 05:23am by Bloomberg

    ... Bloomberg in Los Angeles Chinese lead rush to buy US homes Foreigners bought US$92.2 billion of homes in the United States in the 12 months to March, led by buyers from China, according to the National Association of Realtors. Spending by Chinese buyers soared 72 per cent from a year earlier to US$22 billion, with their purchases accounting for 24 per cent of spending by international ...

  7. News - World - PROPERTY

    More wealthy Chinese likely to buy homes in United States, analysts say

    Posted Jul 11th 2014, 12:04am by BLOOM

    ... more than paid off last month, when he sold a five-bedroom home with crystal chandeliers, marble floors and two kitchens, one of them designed for smoky wok cooking. The buyers were a Chinese ... and sometimes government officials. But it's become a much bigger trend, involving affluent middle-class people." Chinese buyers paid a median of US$523,148 per transaction, compared with a US ...

  8. Property - Hong Kong & China

    Chinese developer's zero-interest loans highlights industry risks

    Posted Jul 19th 2014, 01:59am by Reuters

    ... hefty deposits from buyers seeking mortgages. It is not in the Chinese culture to take on too much debt JAMES MACDONALD, SAVILLS RESEARCH Many analysts believe the slowing property sector poses ... a practice reminiscent of the US housing boom that precipitated the global financial crisis. The easy credit shows the gamble Chinese developers are willing to take to keep sales on track, but also ...

  9. Property - Hong Kong & China - SALES

    Bottom not in yet, despite easing of curbs on home buying in Chinese cities

    Posted Jul 29th 2014, 03:46pm by Langi Chiang

    ... of investors among homebuyers to roughly 10 per cent now from almost 50 per cent in 2007. These buyers will be unlikely to enter the market now, with prices still falling, analysts said. The central ... loans to support buyers of first homes, commercial lenders extended 938.9 billion yuan (HK$1.18 trillion) in new mortgage loans in the first half, 23.9 billion yuan less than in the same period ...

  10. Property - International

    US real-estate firm Zillow targets Chinese buyers with website deal

    Posted Apr 09th 2014, 04:28am by Reuters

    ... buyers spent US$425,000 on average on a home in the United States as of the end of March 2013, with 69 per cent of deals reported as all-cash purchases, Zillow said. Chinese property developers ... Reuters US firm to target China with home search site US real-estate information marketplace Zillow plans to partner with a Beijing-based peer to tap interest from Chinese clients, ...




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