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  • April 25, 2014
  • Last updated: 4:13am
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  1. Property - International - UNITED STATES

    US housing industry shows signs of warming up after brutal winter

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

    ... so I think there was a lot of pent-up demand," said Jared Weggeland, a director of sales and marketing at Southern Homes in Florida. At Southern Homes, which builds homes averaging about ... Rob Henger, a director of mortgage banking with FirstBank in Tennessee, said confidence was back. "The damage to our industry and the public perception of housing and mortgage banking ...

  2. Property - Hong Kong & China - OFFICE PROPERTY

    ‘Through train’ sparks fresh interest in offices in free-trade zone

    Posted Apr 16th 2014, 02:59pm by REN WEI AND PEGGY SITO

    ... (HK$7.40) per square metre a day at the beginning of this year, 180 per cent higher than the average rent before the FTZ was announced in the middle of last year, he said. Leasing demand softened recently, and the average rent slumped to 4.4 yuan per sq metre per day at the end of the first quarter, a 25 per cent drop from the peak. “The scheme is more than a catalyst,” Li said. “Those ...

  3. Property - Hong Kong & China - HOME PRICES

    Home price cuts unlikely to affect averages in China's big cities

    Posted Mar 25th 2014, 11:03am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Home price cuts unlikely to affect big city averages Will home price cuts spread to the mainland's first-tier cities this year? Yes they will, but they are unlikely to weigh down the average price in each city, because of tight supply and strong demand, analysts and developers said. The market is still trying to figure out why China Vanke, ...

  4. Property - International - EUROPE

    Range of new financing choices help revive Europe's hotel industry

    Posted Mar 12th 2014, 05:03am by Reuters

    ... appetite was strong in the first few weeks of the year. Jones Lang LaSalle expects global deal volume in the hotel industry of US$50 billion this year, up 10 per cent from last year. "I'm ... bruising recessions, fanning optimism for the rest of the year. Industry executives say lenders and investors now understand the sector better, seeing it more as a business investment than ...

  5. Property - Hong Kong & China

    Office space shortage fuels rent rise in Beijing

    Posted Apr 09th 2014, 01:41am by BLOOM

    ... of grade A offices were completed, with only half that for lease in the private market, according to a report by broker Jones Lang LaSalle. Corporations have rented an average 590,000 sqmetres ... average of just 270,000 sqmetres in Beijing between last year and next. New supply in Beijing hit a peak of 1.25 million sqmetres in 2008. The construction boom was due to developers rushing ...

  6. Property - International

    Britons struggle to save for down payments on homes

    Posted Apr 23rd 2014, 05:20am by Bloomberg

    ... in one," Halifax mortgages director Craig McKinlay said. British house prices climbed 7.2 per cent last month to an average of £262,291 (HK$3.4 million), the largest annual gain since September ... Renting a home in Britain now cost almost £1,500 a year more than owning one, data compiled by Halifax showed. Average rents had increased by more than £1,200 since 2009, while the cost of owning ...

  7. Property - Hong Kong & China - QIANHAI

    China Vanke plays catch-up at Qianhai office project

    Posted Apr 24th 2014, 11:52am by Sandy Li in Qianhai

    ... of the tenants come from Hong Kong, including HSBC and Hang Seng Bank. Mainland tenants are led by Industrial and Commercial Bank of China, China Citic Bank, Agricultural Bank of China and China Mobile. ... for exhibitions and conventions by industry groups. There will also be a 3,300 sqmetre business centre, which will be open 24 hours a day. The centre is suitable for companies planning to set up shop ...

  8. Property - Hong Kong & China

    Companies flee high rents and traffic in prime Beijing areas

    Posted Apr 23rd 2014, 12:51am by Celine Sun

    ... areas]," Chavez said. In the first quarter of this year, average rents in Beijing's CBD and Financial Street, the two most expensive business zones in the capital, were 351 yuan (HK$440) ...

  9. Property - Hong Kong & China

    'Through train' sparks fresh interest in FTZ property

    Posted Apr 17th 2014, 01:11am by REN WEI AND PEGGY SITO

    ... than the average rent before the FTZ was announced in the middle of last year, he said. Leasing demand softened recently, and the average rent slumped to 4.40 yuan per square metre per day ... in the zone. The vacancy rate in the FTZ area has remained at a lofty 30 per cent amid an increasing supply of low-end office space, as the owners of some industrial properties turned factory buildings ...

  10. Property - International - HOSPITALITY

    Langham Hospitality to spend US$1.5b on hotel buying spree

    Posted Apr 22nd 2014, 03:20pm by Sandy Li

    ... cent of the trust. The criteria for a new acquisition would include Langham Hospitality generating higher occupancy and average room rates after repositioning the property, Warman said. He said ... three months for domestic travel in China. The brand, which has not yet been finalised, will initially roll out at four hotels in first- and second-tier cities at average room rates slightly ...




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