• Sunday
  • September 21, 2014
  • Last updated: 11:31am
Hong Kong




Search Results

Results 1 - 10 of 246 for first-time buyer

Related topics matching your search

Search results

  1. CSRC publishes list of IPO hopefuls for first time

    Posted Feb 03rd 2012, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Beijing has for the first time released the names of 515 companies seeking approval for initial public offerings, in an effort to make the system more transparent. The list was published on the website of the market watchdog, the China Securities Regulatory Commission (CSRC) and will be updated weekly. Commission chairman Guo Shuqing, ...

  2. Shanghai lowers tax on new flats

    Posted Feb 18th 2012, 12:00am

    ... for normal housing is 1.5 per cent, but 3 per cent for luxury units. First-time buyers have to pay 1 per cent deed tax for units below 90 square metres. The easing comes a week after Wuhu in Anhui ... effect. Lau said major mainland banks had already responded to the move by charging first-time buyers a 10 per cent discount to the central bank's 7.05 per cent benchmark rate. ...

  3. Owners of toppled flats angry over rules for second buyers

    Posted Jan 13th 2010, 12:00am by Will Clem

    ... are automatically disqualified from favourable first-time-buyer loans. Buyers of homes for the second time are required by law to make a minimum 40 per cent down payment on the new mortgage. A State Council ... by the criteria for the purchases of second homes. The distinction could mean the buyers each have to come up with as much as 240,000 yuan (HK$272,000) extra if Shanghai implements new, tougher rules ...

  4. State banks cut rates for first-home buyers

    Posted Mar 14th 2012, 12:00am

    ... to support first-time home buyers, the official China Securities Journal reported on Tuesday, citing a government document. Share prices of most listed developers rose on the news with some stock ... offering first-home buyers discount rates much lower than last year's industry average. The move comes at the same time as cashed-up Shanghai locals use a loophole in the mortgage approval ...

  5. Shanghai property shows signs of cooling

    Posted Feb 06th 2008, 12:00am by Sandy Li

    ... not first-time buyers. 'As banks become more conservative in property valuation, they are asking for more for initial down payments. It will affect buying desire,' he said. In addition, banks charged second-home buyers an annual interest rate of 8.6 per cent, compared with 6.6 per cent for first-time buyers, Mr Choi said. The unusually cold weather would also discourage home seekers ...

  6. Maturing Shanghai secondary market attracts HK buyers

    Posted Nov 12th 2003, 12:00am by Mark O'Neill

    ... Residential Services. 'Trading in the secondary market will overtake that in the primary market this year for the first time. We could not imagine this even two years ago. 'Hong Kong people ... Mark O'Neill in Shanghai Hong Kong property buyers in Shanghai are increasingly turning to the secondary market, whose growth is being encouraged by the government and state banks, ...

  7. Outlook rosy for Shanghai

    Posted Aug 27th 2003, 12:00am by Peggy Sito

    ... housing prices in Shanghai. In the meantime, the city government has also introduced measures to boost demand for mass housing. The government said a new set of tax breaks targeted at first-time homebuyers would be implemented shortly. First-time buyers purchasing units below 3,500 yuan per square metre and of 90 square metres could be eligible for a tax deduction on a portion ...

  8. Business - Companies - PROPERTY

    Cheung Kong aims for 5b yuan in Shanghai flat sales

    Posted Mar 25th 2013, 12:00am by Paggie Leung

    ... yuan (HK$6.18 billion) in Shanghai starting from this year, as it launches residential property in the city for the first time. This represents a significant increase in the company's ... for 70 per cent, instead of 60 per cent, of the flat price as down payment for second-home buyers. But Kwok said the measures would not have much impact on its projects as the executive suites ...

  9. News - China - PROPERTY

    News of home sale tax prompts rise in weekend transactions

    Posted Mar 05th 2013, 11:38am by Ernest Kao

    ... mortgages. Shanghai real-estate registration offices were packed with busy buyers and sellers on Saturday morning. “I’ve been in [the industry] for a number of years now and its not the first time sudden policy changes have triggered panic-like trading in the market,” a sales agent, surnamed Wang, said. “However, the 20 per cent tax this time is too high and both buyers and sellers ...

  10. Shanghai looks at ways to slow property market

    Posted Mar 26th 2004, 12:00am by Bill Savadove

    ... school of economics. Shanghai's average housing price surged 24.2 per cent last year to 5,118 yuan per square metre, surpassing Beijing for the first time, the State Statistical Bureau said ... for home-buyers. Ms Jiao attributed the rapid rise in housing prices to uneven supply and speculation, as investment from overseas and other provinces has flooded into Shanghai. She insisted ...




SCMP.com Account