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  • September 17, 2014
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  1. Property - Hong Kong & China - HOUSING

    China's unsold housing stock soars 190pc over four years

    Posted Sep 16th 2014, 11:53am by Yvonne Liu

    ... years The mainland's inventory of unsold housing stock has soared 190 per cent over the past four years, in a further sign that the downturn in the property market is deepening. Unsold ... months the growth in unsold stock, which will take 10 months to clear based on property sales volumes last month. The relentless expansion in housing stock yet to find buyers has been attributed ...

    http://www.scmp.com/property/hong-kong-china/article/1593743/mainlands-unsold-housing-stock-soars-190pc-over-four-years
  2. Property - Hong Kong & China - HOUSING

    Supply of Hong Kong flats below HK$3m drops

    Posted Sep 16th 2014, 11:27am by Sandy Li

    ... properties or tiny flats in old districts. Sammy Po Siu-ming, chief executive at Midland Realty's residential department, said it was nearly impossible to buy a new flat with this budget except ... be in properties that are more than 20 years old in Yuen Long, Tuen Mun or in Tsuen Wan. Wealth Property, a realtor focused on mass homes in Tsuen Wan, Kwai Chung and Sha Tin, said the number of units ...

    http://www.scmp.com/property/hong-kong-china/article/1593176/supply-hong-kong-flats-below-hk3m-drops
  3. Property - Hong Kong & China - HOUSING

    New home prices climb in Hangzhou and Guangzhou

    Posted Sep 16th 2014, 11:12am by Langi Chiang

    ... per cent and 6.05 per cent. "Most cities still suffered falling home prices due to uncertain policies and a slack season," said Chen Sheng, Creda's dean and a property industry veteran. The mainland's property market started to falter under a glut and tight credit in February when two developers in Hangzhou slashed prices to boost sales. In recent months, almost 40 ...

    http://www.scmp.com/property/hong-kong-china/article/1593144/new-home-prices-climb-hangzhou-and-guangzhou
  4. News - Hong Kong - HOUSING

    High management fees likely for single-block developments, say property specialists

    Posted Jul 25th 2014, 03:42am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Property specialists note that the government is pushing small developments to boost flat total High management fees likely for single-block homes The growing ... flats. This warning came from property specialists yesterday after it was disclosed that buyers of Home Ownership Scheme (HOS) flats in a remote Lantau town would pay management fees almost equal ...

    http://www.scmp.com/news/hong-kong/article/1558541/high-management-fees-likely-single-block-developments-say-property
  5. News - Hong Kong - HOUSING

    Watchdog urged to investigate building maintenance bid-rigging

    Posted Aug 28th 2014, 04:56am by TIMMY SUNG

    ... Timmy Sung timmy.sung@scmp.com Watchdog urged to probe bid-rigging The competition watchdog was urged yesterday to investigate bid rigging in building maintenance projects to protect the city's homeowners. About a dozen members of the Property Owners' Alliance Against Bid Rigging met Anna Wu Hung-yuk, the Competition Commission's chairwoman, to discuss how the body can ...

    http://www.scmp.com/news/hong-kong/article/1581282/watchdog-urged-investigate-building-maintenance-bid-rigging
  6. News - Hong Kong - HOUSING

    No rush for bargain flats on Lantau with sky-high management fees

    Posted Aug 28th 2014, 04:56am by FANNY FUNG

    ... property. The other 32 would-be buyers can exercise their right to buy until all the flats are sold. The flats are being offered under the government's Home Ownership Scheme, intended ...

    http://www.scmp.com/news/hong-kong/article/1581244/no-rush-bargain-flats-lantau-sky-high-management-fees
  7. Property - Hong Kong & China - HOUSING

    Prices for new homes in China drop in record 64 cities

    Posted Aug 18th 2014, 10:30am by Langi Chiang

    ... A record number of mainland cities reported a drop in new home prices last month, official data showed yesterday, indicating that the property market downturn is deepening despite the relaxation ... vice-president of the semi-official China Real Estate Association. At a recent property forum in Hainan province, Zhu urged banks to implement mortgage support for first home buyers and also urged ...

    http://www.scmp.com/property/hong-kong-china/article/1575915/home-prices-drop-record-64-mainland-cities
  8. Property - Hong Kong & China - HOUSING

    Experts see lengthy downturn, but no collapse for China's property sector

    Posted Jun 25th 2014, 01:30am by Peggy Sito

    ... for the downturn in mainland property to last for several years, but fears of a market collapse are overblown, industry consultants say. While it is inevitable that home prices will consolidate, they say ... of this year, the housing market has experienced downward pressure, hit by the tightened credit from banks to property-related companies, corporate bond defaults and a high-profile anti-corruption ...

    http://www.scmp.com/property/hong-kong-china/article/1539687/experts-see-lengthy-downturn-no-collapse-chinas-property
  9. Property - Hong Kong & China - HOUSING

    Hong Kong to see surge in tiny flats as demand remains strong

    Posted Jul 29th 2014, 04:08pm by Sandy Li

    ... "Building more small flats will become a trend, as they are sought after by younger home seekers and long-term investors," said Patrick Chow Moon-kit, head of research at Ricacorp Properties ... include those at Sun Hung Kai Properties' 968-unit The Wings Phase 3 in Tseung Kwan O, which will offer about 200 small units of 334 sq ft to 360 sq ft. The official launch date has not yet ...

    http://www.scmp.com/property/hong-kong-china/article/1561853/trend-towards-tinier-flats-seen-prices-rents-rise
  10. Property - Hong Kong & China - HOUSING

    Tai Po apartment project sells 400 Mont Vert units in first day despite 'no viewing' rule

    Posted Jul 27th 2014, 05:26am by Langi Chiang

    ... with the strong sales but had yet to decide whether it would make additional apartments available for sale. Some 1,071 flats are included in the first phase of sales. Property agencies said most ... for bigger homes, as Mont Vert is priced below the secondary market, making a three-bedroom home affordable," said Sammy Po Siu-ming, Midland Realty chief executive for the residential property ...

    http://www.scmp.com/property/hong-kong-china/article/1560101/tai-po-apartment-project-sells-400-492-mont-vert-units

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