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  • August 20, 2014
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  1. Star River offers irate buyers refunds

    Posted Dec 20th 2011, 12:00am

    ... and Longfor Properties have started offering units at much cheaper prices, cutting them by up to a third since August. These discounts have angered hundreds of homeowners who bought the flats earlier, ... Sandy Li sandy.li@scmp.com A mainland property company has promised to pay out more than 600 million yuan (HK$730 million) to refund people who bought units at two of its luxury ...

  2. Homebuyers furious as mainland developers slash prices by a third

    Posted Oct 28th 2011, 12:00am

    ... homebuyers stormed the sales office of Shanghai's Sunshine City on Saturday, saying developer Longfor Properties reduced prices to 14,000 yuan, from a high of 18,500 yuan. Longfor said ... Peggy Sito and Ren Wei Anger is rising among homeowners on the mainland as the value of their properties falls, with mounting demands for refunds in Shanghai, Beijing and other major ...

  3. Property - Hong Kong & China - Tax

    As China drafts property tax law, fate of pilot programme up in the air

    Posted Mar 11th 2014, 02:29pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Confusion over trial property tax The mainland has started drafting a property tax law, but analysts are not sure whether it means a pilot programme ... Congress, told reporters on Sunday that the government "is drafting the [property tax] law and will submit it for approval when the time is ripe". That relieved some industry figures, ...

  4. Shanghai firm in price-cutting ploy

    Posted Nov 04th 2011, 12:00am

    ... and only the developers who come out with eye-catching sales strategies will survive in an ongoing market consolidation,' said Nichole Wong, a regional head of property research at CLSA. Future Holdings' move to offload the latest batch of flats at Legend Mansion at below cost comes on the heels of China Overseas Land & Investment, Longfor Properties, Greenland Group ...

  5. Business - China Business - RETAILING

    Shanghai outlet centre to promote affordable Italian luxury

    Posted Feb 27th 2014, 10:21am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Despite mainland crackdown, a property developer is planning a mall in Shanghai devoted to luxury brands, in a bid to redefine the market Upbeat ... to be sold at the best prices in China." Mainland retail properties are grappling with challenges from the booming e-commerce sector as internet users increasingly buy goods online. But analysts ...

  6. Crackdown on illegal land use nets 18.6b yuan

    Posted Apr 20th 2011, 12:00am

    ... customer and corporate branding manager at mainland developer Longfor Group, said the move would help clean up the industry. 'It will create a sustainable and healthy real estate market,' ... field. In the past two years, the central authority has increased land supply for government-subsidised and small homes to ease property prices to help first-time buyers. But some developers have ...

  7. Price war starts on mainland

    Posted Nov 02nd 2011, 12:00am

    ... homebuyers, who can make use of this opportunity to buy.' First to move with price cuts last week were China Overseas Land, Longfor Properties, Greenland Group and China Vanke, who released ... Sandy Li sandy.li@scmp.com The first shots have been fired in a property war on the mainland that has already slashed prices by almost a third and could see them halved by next year. ...

  8. Business - Comment - MR. SHANGKONG

    Hong Kong's top ranking for economic freedom feels a good laugh

    Posted Jan 20th 2014, 12:15am by George Chen

    ... George Chen george.chen@scmp.com Doubts are growing over the city's competitive edge as a business hub in the wake of HKTV's licence saga and the debate over new property taxes ... economy". The government has tightened its control on many sectors, from the old-fashioned property business to broadcasting services in the digital era. Chief Executive Leung Chun-ying's ...

  9. Business - China Business - PROPERTY

    Shanghai offices nudge Hong Kong prices

    Posted May 20th 2013, 12:00am by Sandy Li

    ... real estate funds and state-owned enterprises - the heavy-hitters in the investment property sales market - are channelling their capital into investment properties in Shanghai. Their buying ... foreign funds and state-owned firms were major buyers of investment properties in Shanghai. "The market is very active after mainland banks eased slightly their lending policy early ...

  10. News - China - MAINLAND PROPERTY

    Shanghai property transactions hit 3-year high new despite curbs

    Posted Apr 02nd 2013, 12:39pm by Ernest Kao

    ... transactions hit a 40-month high in March, as speculators raced to get ahead of new property market cooling measures announced by the central government, Caixin Online reported on Monday. The total ... and the highest level on record since December 2009. Shanghai and Beijing moved on Saturday to introduce a 20 per cent capital gains tax on second-hand property transactions in a bid to tame overheating ...




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