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  • April 18, 2014
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  1. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... land price is reached. The city plans to supply 50,000 self-use commercial homes this year, compared with total new home sales of almost 120,000 last year. Apart from the self-use commercial ... Celine Sun in Beijing and Langi Chiang The city's latest affordable housing scheme leaves more than 140,000 applicants vying for just 2,000 homes in an outer district Buying ...

  2. Property - Hong Kong & China - MAINLAND

    Beijing property prices rising sharply beyond reach of some buyers

    Posted Feb 06th 2013, 12:00am by Peggy Sito, Celine Sun

    ... market no time for hesitation New buyers find no time for hesitation in mainland's hot market "Frustration" is the word used by Amy Zhou to summarise her home-buying search ... for at a price they could afford. After their first child was born last year the young couple redoubled their efforts to find a home of their own (they are now living with her parents in an old ...

  3. News - China - PROPERTY

    News of home sale tax prompts rise in weekend transactions

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

    ... reported on Monday. On Friday, the State Council, China’s cabinet, announced a steep 20 per cent capital gains tax on home sale profits - a move which sent mainland property developers’ shares falling. Purchasing second homes have also been made harder as cities with “excessively fast” price gains were ordered to raise down-payment requirements and interest rates on second-home ...

  4. Property - Hong Kong & China - MAINLAND

    Affordable-housing sales poor in tier-one mainland cities

    Posted Feb 20th 2013, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Big-city affordable-housing sales weak Sales of government-subsidised housing in Shanghai and Beijing have been disappointing because those who qualify for such flats cannot afford the high purchase prices, agents and property analysts say. "The sales of affordable housing in Shanghai are not good because the qualifying salary ceiling is too ...

  5. Property - Hong Kong & China - Market

    Rebound in sales of flats in Beijing after party names new leaders

    Posted Nov 28th 2012, 12:00am by Yvonne Liu

    ... in sales of flats in Beijing The release of pent-up demand after three months of slow sales boosted home-buying in Beijing this month. "Sales of new and second-hand homes in the capital city ... property on the mainland for consultancy DTZ, said the rebound in sales was due to a release of pent-up demand. "Home seekers adopted a wait-and-see attitude on buying flats for a few months ...

  6. Ceiling on Beijing agents' fees to cool home sales

    Posted Aug 31st 2011, 12:00am

    ... Peggy Sito Peggy.sito@scmp.com Beijing property agents face a squeeze after the municipal government reduced the maximum commission they can charge on the sale of homes in the secondary market. From today, people who buy homes on the secondary market in Beijing will pay set fees on a sliding scale from 2 per cent to 0.5 per cent; the higher the price, the lower the percentage fee ...

  7. Policy to cool home sales yet to hit prices

    Posted May 31st 2010, 12:00am by Peggy Sito

    ... Peggy Sito Hopes were high when the State Council issued policy measures in April meant to put the brakes on rocketing home sales, but while the number of deals has fallen by as much as 90 ... But Lee nonetheless expected to see a significant price drop in the coming months. 'Both developers and owners of second-hand homes are now showing a willingness to cut prices because sales ...

  8. Home sales fall by average of 39pc in key mainland cities

    Posted Feb 03rd 2010, 12:00am by Peggy Sito

    ... Peggy Sito Home sales in mainland cities declined again in January from a month earlier as buyers continued to show reluctance to enter the market because of uncertain regulatory risks. ... compared with the same period in December. In Shanghai, according to property agent Shanghai Uwin Real Estate Information Services, sales of new homes- excluding those designated for relocated ...

  9. Record sale in capital boosts prices

    Posted Jul 18th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Prices of homes adjoining a prime residential site in Beijing have been given a boost after the site was sold for a record-breaking price last week. 'The transaction prices of homes near the site have gone up by about five per cent since the land auction because owners raised their asking prices after the site was sold,' said Dickson ...

  10. Curbs warning as Home prices head for rebound

    Posted Jul 25th 2012, 12:00am

    ... for land followed stronger home sales, which had improved developers' funding and balance sheets. 'This started only in the second quarter of the year,' he said. Recent interest rate ... Peggy Sito peggy.sito@scmp.com If recent land auctions across the mainland are anything to go by, the retreat in home prices this year could be due to turn, but some analysts warn ...




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