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  • September 15, 2014
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  1. Business - Companies - EARNINGS

    Geely cuts annual sales target after 20.4pc fall in first-half earnings

    Posted Aug 20th 2014, 02:44pm by Kwong Man-ki

    ... Geely Automobile Holdings lowered its full-year sales target after reporting its first-half earnings fell by more than a fifth amid weakening demand for home-grown brands and rising competition ... 32 per cent to 10.2 billion yuan, with car sales falling 29 per cent year on year to 187,296 units, meeting just 32 per cent of its full-year target. In a statement to the Hong Kong stock ...

    http://www.scmp.com/business/companies/article/1577677/geely-cuts-annual-sales-target-after-204pc-fall-first-half
  2. Business - China Business - PROPERTY

    China Overseas Land’s contracted sales drop 45pc despite lifting of curbs

    Posted Aug 14th 2014, 09:37am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Overseas Land and Investment said contracted sales plunged 45 per cent last month from the previous month to HK$9.32 billion, a possible sign that a relaxation in housing policies on the mainland has failed to stimulate demand. Hong Kong-listed China Overseas Land is the biggest mainland developer by market value. The firm’s contracted sales ...

    http://www.scmp.com/business/china-business/article/1573320/china-overseas-lands-contracted-sales-drop-45pc-despite
  3. Property - Hong Kong & China - RESIDENTIAL

    Beijing and Shenzhen set to relax curbs on mass residential sales

    Posted Aug 13th 2014, 02:29pm by Yvonne Liu

    ... on the sale of luxury flats in the capital last month, with new projects with an asking price of 40,000 yuan per sq m (HK$50,340) or more allowed to be released for sale. New homes with an asking ... Yvonne Liu yvonne.liu@scmp.com The relaxation of home purchase restrictions on the mainland’s mass residential sector might be extended to Beijing and Shenzhen, the Shanghai Securities ...

    http://www.scmp.com/property/hong-kong-china/article/1572803/beijing-and-shenzhen-set-relax-curbs-mass-residential-sales
  4. Property - International - AUSTRALIA

    Home sales data points to recovery in Australia

    Posted May 07th 2014, 05:01am by Reuters

    ... Reuters in Sydney Home sales data points to recovery in Australia Sales of new homes in Australia rose again in March, capping a solid quarter that showed a broadening recovery in the housing sector, an industry survey showed. The Housing Industry Association said its survey of large builders showed sales of new homes rose 0.2 per cent from February, taking the quarterly ...

    http://www.scmp.com/property/international/article/1505917/home-sales-data-points-recovery-australia
  5. Property - Hong Kong & China - SALES

    Price cuts may deepen after weak holiday sales of new homes

    Posted May 06th 2014, 03:30pm by Langi Chiang

    ... to cut prices further Disappointed by poor sales during the May Day holiday, mainland developers are expected to deepen their price cuts in a bid to reverse market sentiment as there is no sign of any relaxation in mortgage policies. Home sales in Beijing dived 80 per cent from a year earlier during the May 1-3 holiday to a seven-year low, according to data from consultancy Centaline. ...

    http://www.scmp.com/property/hong-kong-china/article/1505753/price-cuts-may-deepen-after-weak-holiday-sales-new-homes
  6. Property - Hong Kong & China - BRICKS & MORTAR

    What can the government really do about home prices in Hong Kong?

    Posted Aug 11th 2014, 11:07am by Yvonne Liu

    ... Yvonne Liu With new towns crucial for boosting supply, Hongkongers must learn to strike a balance More can be done to cool home prices, but solution involves us Hong Kong property prices ... index for private homes climbed to a record 249.8, 4.1 per cent higher than its level before the government released several measures in February last year. Property prices have rebounded ...

    http://www.scmp.com/comment/insight-opinion/article/1571184/what-can-government-really-do-about-home-prices-hong-kong
  7. Property - Hong Kong & China

    Rise in Hong Kong home sales brings little cheer to agents

    Posted May 05th 2014, 05:40am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com While weekend deals see increase, property agents say volumes evoke Sars era Rise in home sales brings little cheer to agents Sales of second-hand homes last ... are still around the levels we saw during the Sars (severe acute respiratory syndrome) days in 2003," said Louis Chan Wing-kit, managing director for home sales at Centaline Property Agency. ...

    http://www.scmp.com/property/hong-kong-china/article/1504446/rise-hong-kong-home-sales-brings-little-cheer-agents
  8. Property - Hong Kong & China

    For sale: HK$819m house on Hong Kong's Peak is world’s most expensive per square foot

    Posted Aug 07th 2014, 11:39am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Ignoring the Hong Kong government’s attempt to rein in home prices, Sun Hung Kai Properties (SHKP) is offering a super-deluxe house on The Peak for HK$175,735 per square foot. If it fetches that amount, it will be the world’s most expensive home in terms of price per square foot. SHKP released the price list of the 12 houses at Twelve Peaks in 12 ...

    http://www.scmp.com/property/hong-kong-china/article/1568173/hk819m-house-peak-would-be-worlds-priciest-square-foot
  9. Property - Hong Kong & China - SALES

    Bottom not in yet, despite easing of curbs on home buying in Chinese cities

    Posted Jul 29th 2014, 03:46pm by Langi Chiang

    ... of home purchase restrictions by more than two dozen citiies in recent weeks, industry analysts said. Hot weather, rain and storms were adding to the summer downturn, they said, although sentiment could gradually recover as a result of the incremental relaxation of policy. As of July 23, 26 cities had reportedly eased home purchase restrictions, out of 46 that had imposed such controls ...

    http://www.scmp.com/property/hong-kong-china/article/1561164/bottom-not-yet-despite-easing-curbs-home-buying-chinese
  10. 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 ...

    http://www.scmp.com/property/hong-kong-china/article/1402084/record-land-sales-revenues-leave-local-governments-worried

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