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  • July 13, 2014
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  1. News - Hong Kong - PROPERTY

    New property law forbids publishing of unofficial price quotes

    Posted Apr 20th 2013, 12:00am by Joyce Ng, Johnny Tam

    ... the law takes effect. The Residential Properties (First-hand Sales) Ordinance is intended to protect consumer interests and increase market transparency. An information centre in Chai Wan will educate consumers on the law. There have also been concerns that developers may bombard buyers with information and cause even more confusion. Sun Hung Kai Properties has issued a three-volume, ...

    http://www.scmp.com/news/hong-kong/article/1218652/new-property-law-forbids-publishing-unofficial-price-quotes
  2. News - Hong Kong - PROPERTY

    Legco gets more control over double stamp duty property-cooling measure

    Posted May 28th 2014, 02:22pm by Tanna Chong

    ... changes to a controversial property-cooling measure before they take effect after a concession from the government. The Financial Services and the Treasury Bureau told lawmakers debating double stamp duty – under which buyers who own other properties and those who are not permanent residents must pay higher taxes – of the change yesterday. The government has collected the tax since ...

    http://www.scmp.com/news/hong-kong/article/1520311/legco-gets-more-control-over-double-stamp-duty-property-cooling
  3. News - Hong Kong - PROPERTY

    No plans to ditch property speculation cooling measures, says Carrie Lam

    Posted May 13th 2014, 03:51am by Gary Cheung, Peggy Sito and Ng Kang-chung

    ... year bill. The government introduced the double stamp duty plan early last year in the wake of renewed signs of exuberance in the property market. Under the law, buyers of properties costing ... Gary Cheung, Peggy Sito and Ng Kang-chung Government flexibility may be limited to relaxing measure that doubles stamp duty on some property transactions Acting chief executive Carrie Lam ...

    http://www.scmp.com/news/hong-kong/article/1510974/government-may-offer-concession-double-stamp-duty-break-legal
  4. Property - Hong Kong & China - PROPERTY

    China's property sector primed for shake-up as downturn drains cash

    Posted Jun 26th 2014, 01:07am by Reuters

    ... of residential property and a market slowdown have left Chinese developers with their worst cash crunch in more than two years, revealing the extent of China's real estate downturn and paving ... family can buy. But the government crackdown is only part of the story. A downturn in property prices, pressure to pay for last year's record land purchases, and a tighter credit market have ...

    http://www.scmp.com/property/hong-kong-china/article/1540574/chinas-property-sector-primed-shake-downturn-drains-cash
  5. Property - Hong Kong & China - PROPERTY

    Swire sold 16 Dunbar Place flats in week after 'saleable area' law started

    Posted May 08th 2013, 12:00am by Sandy Li

    ... was preparing marketing material for other residential projects to comply with the new law. Sales of homes have dropped since the government imposed a series of new property-related taxes, including ... Sandy Li sandy.li@scmp.com Doubling of stamp duty for non-permanent residents has bigger impact, says chief Swire sold 16 units soon after'saleable area' law took effect Swire ...

    http://www.scmp.com/property/hong-kong-china/article/1232632/swire-sold-16-dunbar-place-flats-week-after-saleable-area
  6. Property - Hong Kong & China - PROPERTY

    Hong Kong-listed Lai Fung pays record price for Shanghai parcel

    Posted Jul 10th 2014, 04:56am by Langi Chiang

    ... bucking the nationwide trend of a cooling real estate market. The 6,885 square metre property, near the Huangpu River snaking through the city's financial hub, was sold for 577 million yuan ... "It is a rare parcel, given the prime location. The developer will probably hold the property instead of selling it," said Lu Qilin, research head of consultancy Shanghai Deovolente ...

    http://www.scmp.com/property/hong-kong-china/article/1550674/hong-kong-listed-lai-fung-pays-record-price-shanghai-parcel
  7. Property - Hong Kong & China - PROPERTY

    UBS plans to move into commercial property investment in China

    Posted Jun 17th 2014, 05:14am by Bloomberg

    ... commercial sector UBS, Switzerland's biggest bank, plans to expand its property investment business with a move into commercial real estate in mainland China. Office, retail and industrial properties were "where investor demand is certainly moving to" on the mainland, said Trevor Cooke, the head of global real estate for Asia-Pacific at UBS Global Asset Management. "The ...

    http://www.scmp.com/property/hong-kong-china/article/1534305/ubs-plans-move-commercial-property-investment-china
  8. Property - Hong Kong & China - PROPERTY

    Mainland China property market cooling down fast

    Posted Jun 16th 2014, 03:12am by Langi Chiang

    ... and nor is it likely be the last, as the mainland property market cools down more quickly than expected following last year's boom. "We are just here for a look," said a middle-aged ... and towns across the mainland are finding themselves confronted with the same challenge: a cooling property and land market is drying up local government coffers and will affect investment plans ...

    http://www.scmp.com/property/hong-kong-china/article/1533544/mainland-china-property-market-cooling-down-fast
  9. News - Hong Kong - PROPERTY

    Legco unlikely to pass lawmaker's stamp duty refund plan

    Posted Jul 11th 2014, 03:55am by JEFFIE LAM, Yvonne Liu

    ... Jeffie Lam and Yvonne Liu Radical support against stamp duty refund plan A pan-democratic legislator's idea of refunding stamp duty to firms that hold on to properties for more three ... Alliance for Hong Kong. Leung is seeking to ease the impact of taxes that are at least double the original rates- a cooling measure imposed on buyers who own other properties or are not permanent ...

    http://www.scmp.com/news/hong-kong/article/1551408/legco-unlikely-pass-lawmakers-stamp-duty-refund-plan
  10. Property - Hong Kong & China - PROPERTY

    Cash-strapped mainland developers delaying commissions to property agents

    Posted Jun 13th 2014, 10:47am by SANDY LI AND LANGI CHIANG

    ... toll on agents Mainland property agents are reeling from a double whammy, as cash-strapped developers fail to pay them commissions for marketing and ancillary services at the same time ... to 700 property projects, Fu said. "Developers are deferring their payment from 90 to 120 days as credit tightening and a decline in property sales hurt their cash flow," he said. Fu ...

    http://www.scmp.com/property/hong-kong-china/article/1531446/cash-strapped-mainland-developers-delaying-commissions

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