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

    Developer China Vast profit drops 17.7pc

    Posted Aug 29th 2014, 11:03am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com China Vast Industrial Urban Development, a Chinese developer newly listed in Hong Kong, reported on Friday morning that its net profit dropped 17.7 per cent in the first half to 449.95 million yuan (HK$565.74 million) from the same period last year as taxes and cost of servicing loans jumped. The developer, which made its debut in the Hong Kong bourse ...

    http://www.scmp.com/business/companies/article/1581660/developer-china-vast-profit-drops-177pc
  2. News - China - PROPERTY

    Developer Socam rejects Beijing Jingda's writ accusing it of document theft

    Posted Aug 14th 2014, 03:04am by Sandy Li

    ... Sandy Li sandy.li@scmp.com HK-listed firm counters claims by developer of upmarket home project Socam denies Beijing villa document theft Hong Kong-listed Socam Development yesterday ... resulting in "huge economic losses" to Jingda, the developer said. But Socam rejected the claim. "Since August 2, 2009 Socam has informed Beijing Jingda, directly and through ...

    http://www.scmp.com/news/china/article/1573078/developer-socam-rejects-beijing-jingdas-writ-accusing-it-document-theft
  3. Property - Hong Kong & China - PROPERTY

    Land sale attracts keen interest as developers bank on smaller flats

    Posted Aug 09th 2014, 04:11am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Tender for sites in Ma On Shan and Tsuen Wan sees overwhelming response as developers bank on strong demand for smaller flats Land sale attracts keen interest The tender for two residential sites in the New Territories received an overwhelming response yesterday, a fresh sign of confidence among developers that demand for smaller flats will stay ...

    http://www.scmp.com/property/hong-kong-china/article/1569594/land-sale-attracts-keen-interest-developers-bank-smaller
  4. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... market Developers frustrated with sways in policies Mainland developers are growing frustrated with the disconnect between the government's measures to cool property prices and its reluctance to allow those for development sites, a crucial source of local authorities' revenue, to decline. Recent moves by dozens of cities to ease restrictions on purchases of additional ...

    http://www.scmp.com/property/hong-kong-china/article/1569027/government-not-serious-about-lower-home-prices-developer
  5. Property - Hong Kong & China - PROPERTY

    China Merchants Land rises on acquisition of Guangzhou developer

    Posted Aug 04th 2014, 12:33pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Merchants Land rises to four-month high Shares of China Merchants Land closed at a four-month high yesterday after the Hong Kong-listed developer announced on Sunday that it would buy the 49 per cent stake in a Guangzhou-based developer it does not own. The all-cash deal is worth 1.2 billion yuan (HK$1.5 billion) and is expected to take six ...

    http://www.scmp.com/property/hong-kong-china/article/1566102/china-merchants-land-rises-acquisition-guangzhou-developer
  6. Property - Hong Kong & China - PROPERTY

    Increase in land supply helps small developers compete with big firms

    Posted Jul 01st 2014, 04:11am by Sandy Li

    ... Sandy Li sandy.li@scmp.com An increase in land supply gives minor players a chance to compete with the bigger companies Small developers back with a bang Small developers are flocking back ... and medium-sized developers struggled to compete in government land sales or auctions dominated by big conglomerates. "Previously, every lot had been sold for outrageous amounts of several billion ...

    http://www.scmp.com/property/hong-kong-china/article/1543903/increase-land-supply-helps-small-developers-compete-big
  7. Property - Hong Kong & China - PROPERTY

    Developers offer incentives to boost sales in Hangzhou

    Posted Jun 24th 2014, 05:58am by Sandy Li

    ... Sandy Li sandy.li@scmp.com With 120,000 homes unsold and prices down 1.4 per cent in the city last month, builders are seeking ways to attract buyers Developers offer incentives to boost sales in Hangzhou In Hangzhou, there could not have been a better time to buy a home. Last month, housing prices dropped the most among 70 mainland cities, forcing developers to come out ...

    http://www.scmp.com/property/hong-kong-china/article/1539197/developers-offer-incentives-boost-sales-hangzhou
  8. Property - Hong Kong & China - PROPERTY

    Cash-strapped mainland developers delaying commissions to property agents

    Posted Jun 13th 2014, 10:47am by SANDY LI AND LANGI CHIANG

    ... Sandy Li and Langi Chiang Delayed payment of commissions by developers comes as agencies on the mainland are hit hard by falling revenues amid a market downturn Long wait for fees takes toll on agents Mainland property agents are reeling from a double whammy, as cash-strapped developers fail to pay them commissions for marketing and ancillary services at the same time ...

    http://www.scmp.com/property/hong-kong-china/article/1531446/cash-strapped-mainland-developers-delaying-commissions
  9. Property - Hong Kong & China - PROPERTY

    Developers’ cash flow hit by delays in home loan approvals

    Posted Jun 12th 2014, 10:56am by SANDY LI AND LANGI CHIANG

    ... Sandy Li and Langi Chiang Lengthy approval times for loans are a nightmare for buyers eager to move into new homes and developers waiting for their money Cash flow delays hurting builders ... approved soon, as banks tighten their lending policies. "It looks like many homebuyers have the same difficulty," Hu said. "I think developers are more anxious than I am, since ...

    http://www.scmp.com/property/hong-kong-china/article/1530650/developers-cash-flow-hit-delays-home-loan-approvals
  10. Property - Hong Kong & China - PROPERTY

    Hainan cracks down on idle land parcels

    Posted Aug 25th 2014, 03:31am by Langi Chiang

    ... cracks down on idle land parcels Construction across Hainan has sped up as a government campaign forces property firms to either develop or lose the land parcels they have been hoarding. ... two cities, Haikou and Sanya, are from outside the island. Developers have been holding 92.8 million sqmetres of land in 1,150 parcels. Construction on these had not started within a year ...

    http://www.scmp.com/property/hong-kong-china/article/1580469/hainan-cracks-down-idle-land-parcels

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