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  • October 22, 2014
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  1. Loan lift for first-time buyers

    Posted Mar 03rd 2012, 12:00am

    ... of homes for first-time buyers. The banks, Industrial & Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China, will also speed up loan approval processes for developers and first-time buyers, according to Financial News, a publication run by the People's Bank of China. The four banks said they would actively provide mortgages ...

  2. Extra aid for first-time home buyers on mainland

    Posted Feb 09th 2012, 12:00am

    ... first-time home buyers. He said potential buyers still needed to digest the news and the impact would be seen in coming weeks after more details were released. Although the physical property market ... not officially announced details of any move to support first-time buyers. 'Banks have told us that they will access mortgage loan applications for first-time purchasers at a five per cent discount ...

  3. Time to relax rules for first-time buyers, BOC says

    Posted Dec 29th 2011, 12:00am

    ... lowering their down-payment requirement for first-time buyers. When liquidity was very tight two months ago, banks charged buyers 1.1 times the central bank's benchmark rate of 7.05 per cent, ... that could be used for lending. The BOC economists suggested banks provide preferential lending rates to first-time home buyers in a move to support a stable development of the property sector. ...

  4. First-time buyer in HK$9m record deal

    Posted Mar 18th 2012, 12:00am

    ... Michael Cox michael.cox@scmp.com A first-time owner shelled out a Hong Kong International Sale record HK$9 million for a two-year-old son of boom sire Fastnet Rock on the advice of rookie ... and prepared for nearly 12 months to be resold to an eager group of buyers. Chief executive Winfried Engelbrecht-Bresges said the sale wasn't a money-making exercise. 'There is a sound demand ...

  5. First-time UK buyers take ire to the streets

    Posted May 16th 2007, 12:00am by Richard Warren

    ... Richard Warren in London Government accused of propping up prices Britain's first-time buyers have taken to the streets for the first time to protest against high property prices ... coincides with the release of figures which show first-time buyers are spending the biggest share of their income on mortgage payments for 16 years. Buyers lobbyist group PricedOut held its protest ...

  6. Flaws seen in UK's first-time buyer scheme

    Posted Jun 15th 2005, 12:00am by Richard Warren

    ... to 'key workers' such as nurses and teachers, public housing tenants, those waiting for public housing and first-time buyers. Property research company Hometrack was scathing about Open Market Homebuy. 'Analysing the percentage of population able to afford all or part of a first-time buyer flat, we can reveal that more than 50 per cent of the population in Britain cannot ...

  7. Scotland and Northern Ireland still leading the pack

    Posted Mar 14th 2007, 12:00am by Richard Warren

    ... property, but affordability problems may restrict demand this year. Halifax says 20 out of 21 towns in Wales are too expensive for first-time buyers. ... South West England's huge popularity with second home buyers- a third of the UK's holiday homes are in the region- pushed prices up 11 per cent in the region last year. However, ...

  8. Mainland car sales slip for first time this year

    Posted Oct 21st 2004, 12:00am by Eric Ng

    ... vehicles Eric Ng Decline is blamed on tighter credit and buyers holding out for lower prices The mainland's passenger car sales posted their first year-on-year decline of the year ... government's tightening of bank credit to car buyers and consumer anticipation of more price cuts when lower import tariffs come into effect next year in accordance with the mainland's commitment ...

  9. Prices turn London workers into commuters

    Posted Jun 28th 2006, 12:00am by Richard Warren

    ... first-time buyers and movers on moderate to low incomes are buying in the home counties and East Anglia, within commuter distance to work. Prices for new homes in the capital have risen 9.8 per cent ... overseas buyers and City of London workers has caused prices to rise throughout London's residential sales market. 'The high demand for properties in London has resulted in buyers ...

  10. Business - Economy - ECONOMY

    Mainland manufacturing contracts for first time in 9 months

    Posted Sep 02nd 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Manufacturing declines for first time this year Mainland manufacturing contracted in August for the first time in nine months, a development that could ... 50 for the first time since December. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Analysts said weak external demand continued to drag down ...




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