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  • July 26, 2014
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  1. Property - International - UNITED STATES

    US recovery falters as forecasters expect drop in sales

    Posted Jun 25th 2014, 01:30am by Bloomberg

    ... its forecast for combined new and existing home sales this year to 5.28 million- a decline of 4.1 per cent that would be the first annual drop in four years. It also cut its prediction ... an average home-sale gain of 10 per cent. Last month, after monthly reductions in their estimates, Fannie Mae and the bankers for the first time projected an annual decline, amounting to less than ...

  2. Property - Hong Kong & China

    Record land sales revenues leave local governments worried about further property curbs

    Posted Jan 10th 2014, 10:23am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Record revenues from land sales last year were a mixed blessing for heavily indebted local governments on the mainland. They worry the central government will be provoked to launch a fresh round of curbs to prevent overheating of the property market. Their worries may not be without basis, as land prices soared 35 per cent and home prices in major cities ...

  3. Property - Hong Kong & China

    Mainland home prices fall as downturn bites

    Posted Jun 19th 2014, 12:55am by Langi Chiang

    ... sales in the second half of the year. Prices of new homes, including state-subsidised units for those on lower incomes, dropped 0.2 per cent in month-on-month terms, the news agency said after ... "Homebuyers are taking a wait-and-see attitude, and some developers have had to offer discounts." The home price data followed recent figures that showed improving yet still soft property sales ...

  4. Business - Companies

    Japanese firms set to invest more despite sales-tax slump

    Posted Jul 02nd 2014, 01:44am by BLOOM

    ... incentives for corporate spending at home. Resilience in the corporate sector would help buttress an economy estimated to have contracted in the past quarter as the sales tax increase crimped ... Bloomberg in Tokyo Japanese firms set to defy sales tax slump Japanese companies increased their investment plans more than forecast even as a sales tax rise dented sentiment, potentially ...

  5. Property - Hong Kong & China - HOUSING

    Home price inflation eases on mainland

    Posted Jun 18th 2014, 10:39am by Langi Chiang

    ... of Statistics The home price data followed recent figures that showed improving yet still soft property sales and construction activity. China’s leaders have taken a slew of incremental steps ... strains of developers. In the light of these policy moves, Edison Bian, research head for China property at UOB Kay Hian, said: “We expect gradual home sales recovery in the second half.” But Wang ...

  6. Property - Hong Kong & China - BRICKS & MORTAR

    Developers resort to sales tricks on the fly to attract buyers

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

    ... market was entering the initial phase of a sharp downturn. Sales of new homes in the first four months of this year fell 8.6 per cent year on year to 1.45 trillion yuan, and total floor space ... Sandy Li sandy.li@scmp.com Investors move to the tier-one cities as firms try to sell off units in oversupplied lower-tier areas Developers resort to sales tricks on the fly to attract ...

  7. 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

    ... of property sales proceeds from banks has been affected by the slow pace of home loan approvals. Buyers must make a down payment of 30 per cent for a first home, and 70 per cent for a second or subsequent home. In Nanjing, Chun said, about 20 per cent of sales proceeds are still being held up by banks. "Our [cash collection] situation is better than that of our rivals ...

  8. Property - Hong Kong & China

    Hohhot leads the way in easing home purchase restrictions

    Posted Jun 28th 2014, 01:07am by Langi Chiang

    ... has not notified us of any change. It will probably take a few weeks for the details to come out," said a salesperson at a new home project in Juhua Century City. Sales of new homes in 40 ... Langi Chiang langi.chiang@scmp.com Mainland city relaxes curbs on home purchases as local authorities try to find ways to stimulate market without incurring the wrath of Beijing Hohhot ...

  9. 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 ...

  10. News - World - TECHNOLOGY

    US regulators approve sale of robotic legs that help paralysed people walk

    Posted Jun 27th 2014, 09:55pm by BLOOM

    ... Bloomberg in Washington Motorised 'exoskeleton' that helps people walk is already sold in Europe US okays sale of robotic legs for paraplegics The first robotic device that acts as legs to help paraplegics walk has been cleared for sale by US regulators. The device, called ReWalk, is a motorised "exoskeleton" approved for those whose lower body is paralysed from ...




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