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  • October 30, 2014
  • Last updated: 11:11pm
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  1. Business - Property - PROPERTY

    Further mortgage rate rise 'could cut home prices by 20pc in two years'

    Posted Mar 15th 2013, 12:00am by Paggie Leung, Yvonne Liu, Sandy Li

    ... mortgage rates to rise a further 0.75 of a percentage point, said prices could drop by 20 per cent in the coming years. Its prediction came on a day that saw Hang Seng Bank follow HSBC and Standard Chartered in raising its residential mortgage rate on new loans by 0.25 of a percentage point. The bank's best lending rate now ranges between 2.4 and 3 per cent. Shih Wing-ching, co-founder ...

  2. Property - Hong Kong & China - PROPERTY

    New World wins 'sweet deal' MTR Tai Wai project

    Posted Oct 15th 2014, 05:10am by Sandy Li

    ... to cut the initial investment to nearly a quarter. The mega housing project by the government-controlled rail operator will provide a fillip to the government in meeting this year's private ... per cent of this year's flat supply, means the government stands a high chance of meeting its housing target," said Alvin Lam, a director at Midland Surveyors. The government aims ...

  3. News - Hong Kong - PROPERTY

    Rural committee chief backs proposed change to 'squatters' law'

    Posted Oct 21st 2014, 04:33am by Phila Siu

    ... in the 10th year of any intention to take possession, to give the owner two years'; notice to respond. The revision would change the spirit of the adverse possession system, which has put the onus ... efforts to address the boundary problem in the New Territories. He said that when Hong Kong became a British colony, rural people were given plots of land, but the size and location ...

  4. Property - Hong Kong & China - PROPERTY

    Official forecast of 74,000 new homes in Hong Kong hailed as a record

    Posted Oct 24th 2014, 01:59pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Government estimates would lead to record supply of new flats, as parcels of land in Tseung Kwan O and Tai Po offered for tender 74,000 new homes to be put on market Official projections of 74,000 new homes for sale over the next three to four years mark a record for new supply, a leading property agency says, as the government increases land supply ...

  5. Business - China Business - PROPERTY

    Socam Development leads with 30pc price cuts to woo homebuyers in Chengdu

    Posted Sep 12th 2014, 10:32am by Langi Chiang

    ... 10 key cities approved 3.18 million sq metres of new property space for sale last week, up 16 per cent from the previous week. New supply in Chengdu grew 167 per cent week on week to 926,600 sq metres, while the amount in Beijing exploded 218 per cent to 474,700 sq metres. During this year's Mid-Autumn Festival holiday, which fell on a Monday on the mainland, about 20 ...

  6. Property - Hong Kong & China - PROPERTY

    MTR Corp's Tai Wai project gets nine new bids after entry rules eased

    Posted Oct 14th 2014, 04:48am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Second attempt to put HK$20 billion development up for tender gets a better response, with smaller firms now allowed a piece of the action New interest in MTR ... Wheelock Properties and New World Development. One consortium of mid-sized local developers and another in which mid-sized local players teamed up with mainland developers also submitted bids. ...

  7. Property - Hong Kong & China - PROPERTY

    Pace of home price falls ease in China as market shows signs of stabilising

    Posted Oct 24th 2014, 11:00am by Langi Chiang, Daniel Ren

    ... an easing of policy. The month-on-month drop in average new home price across 70 cities monitored by the National Bureau of Statistics slowed by 0.2 percentage point, senior statistician Liu Jianwei ... in Fujian province, where prices were flat, escaped the trend. Meanwhile, year-on-year falls in new home prices spread to 58 cities, a big jump from 19 in August. "Although home prices kept ...

  8. Property - Hong Kong & China - PROPERTY

    Hong Kong home buying surge slows on absence of new projects

    Posted Oct 13th 2014, 04:02am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Buying surge slows on absence of new projects Hong Kong developers were unable to make a repeat of the previous weekend's bumper sales that defied ... was not bad but the number of units sold was fewer than that of the previous week, taking into account that there were no brand new projects offered for sale over the weekend," said Louis Chan ...

  9. Business - Property - PROPERTY

    New Territories on a roll for day shoppers

    Posted Sep 11th 2013, 12:00am by Bloomberg

    ... A total of 18.8 million mainland tourists visited Hong Kong in the year's first half, up 20 per cent from a year earlier, according to the Tourism Board. Among them, single-day visitors rose ... Bloomberg Saving on time and hotel bills, many mainland visitors are targeting malls just across the border and that's boosting landlords like SHKP New Territories on a roll for day ...

  10. Business - Economy - PROPERTY

    Home sales in China soar after policy relaxation

    Posted Oct 21st 2014, 11:12am by Langi Chiang

    ... in Haikou, the capital of Hainan province. The consultancy said new pre-sale approvals in 10 key cities, including Beijing and Shanghai, soared 166 per cent last week from a week earlier to 3.35 ...




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