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  • September 22, 2014
  • Last updated: 2:46pm
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  1. Business - Economy - RETAILING

    The not-so-Great Singapore Sale: Mainland shoppers say Hong Kong is better value

    Posted Aug 05th 2014, 03:25am by Bloomberg

    ... Bloomberg in Singapore Mainland Chinese shoppers discover how a strong dollar, labour costs and a sales tax in the city state mean it's cheaper to go to Hong Kong Retailers billed it as the Great Singapore Sale. Chinese tourist Zhu Liang bought into it, only to regret it afterwards. "We will never come here again to shop on purpose," said Zhu, a 35-year-old businessman ...

    http://www.scmp.com/business/economy/article/1566514/mainland-chinese-shoppers-give-singapore-sales-thumbs-down
  2. Property - Hong Kong & China - PROPERTY

    Developers speed up flat launches as mainlanders return to Hong Kong's housing market

    Posted Sep 22nd 2014, 04:28am by Peggy Sito

    ... in their ranks in the wake of the heavy stamp duties imposed over the past two years. However, some analysts warn that while developers continue to enjoy strong primary sales, transactions ... on Saturday. Sales were again led by Sun Hung Kai Properties' Wings IIIA in Tseung Kwan O, with a further 116 units sold. Agents said the number of sales was fewer than the 200-plus units achieved ...

    http://www.scmp.com/property/hong-kong-china/article/1597563/developers-press-ahead-flat-launches-lure-home-buyers
  3. Property - Hong Kong & China

    ‘Country house’ hotel on sale for 250m yuan

    Posted Aug 05th 2014, 04:11pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Owners expect the Zhejiang property to lure rich mainlanders and Hongkongers 'Country house' hotel on sale for 250m yuan A hotel in Zhejiang province in the style of a French country house has been released for sale with an indicative price of 250 million yuan (HK$314 million). Owners Christophe Peres and Pauline Lee began to build Le ...

    http://www.scmp.com/property/hong-kong-china/article/1566935/country-house-hotel-sale-250m-yuan
  4. Comment - Insight & Opinion - JAKE'S VIEW

    'Grim' retail sales index tells only fraction of story

    Posted Aug 03rd 2014, 04:25am by Jake Van Der Kamp

    ... Jake van der Kamp Don't panic, retail sales index doesn't tell whole story The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half ... The retail sales survey that goes into making up the retail sales index covers only 31 per cent of retail sales in Hong Kong. That's right, fewer than one-third of total retail sales. It used ...

    http://www.scmp.com/comment/insight-opinion/article/1565124/grim-retail-sales-index-tells-only-fraction-story
  5. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Mainland corruption crackdown blamed for falling demand at Hong Kong's high-end shops Slide in city's retail sales continues with 6.9pc drop The grim performance of Hong Kong's retail sales continued in June, producing the worst first-half showing since 2009. The government's monthly statistics released yesterday showed that sales revenue ...

    http://www.scmp.com/news/hong-kong/article/1563784/slide-citys-retail-sales-continued-june-69pc-drop
  6. Business - Money

    Chart of the day: Property fallout looms

    Posted Sep 18th 2014, 05:57am by CITI RESEARCH

    ... Chart of the day: Property fallout looms The impact on the production chain of the slowdown in the property sector is lagging the property cycle and has become evident since August. The year-to-date retail sales of related sectors were growing at double digits, with those of construction and decoration materials up 14.8 per cent year on year, home appliances rising 12.6 per cent ...

    http://www.scmp.com/business/money/markets-investing/article/1594765/chart-day-property-fallout-looms
  7. Business - China Business - EARNINGS

    Moody's upbeat on Chinese developers' prospects

    Posted Sep 18th 2014, 05:57am by Peggy Sito

    ... downturn, the developers saw weaker earnings and slower cash collection from contracted sales in the first six months of the year. Profit margins fell and debt levels increased for all 12 mainland ... along with higher contracted sales. Average gross margin was 31.7 per cent in the first half, against 32 per cent for all of last year, it said. Tight financing and high inventories have weighed ...

    http://www.scmp.com/business/china-business/article/1594936/moodys-upbeat-chinese-developers-prospects
  8. Business - China Business - RESIDENTIAL PROPERTY

    Nanjing scraps home purchase curbs

    Posted Sep 22nd 2014, 12:03pm by Peggy Sito

    ... in July and 1.3 per cent in August, according to the Shanghai Securities News. Sales slumped as well. Among the 10 projects launched in September, three managed to sell 70 per cent of the units, ...

    http://www.scmp.com/business/china-business/article/1597881/nanjing-scraps-home-purchase-curbs
  9. Business - Banking & Finance - FUNDRAISING

    Agile Property follows Country Garden’s lead with HK$2.8b rights issue

    Posted Sep 22nd 2014, 09:59am by Eric Ng

    ... worrying about Chinese property developers’ soaring debts and slowing sales. Sixty-eight of the 70 cities monitored by the National Bureau of Statistics recorded falls in property prices last ...

    http://www.scmp.com/business/banking-finance/article/1597847/agile-property-follows-country-gardens-lead-hk28b-rights
  10. Business - Money - THE INSIDER

    Company directors lead way in stock market purchases

    Posted Sep 22nd 2014, 04:28am by Robert Halili

    ... in fellow blue chip Sun Hung Kai Properties last week. Also bullish last week was Cheng Li-yu of Ju Teng International. The chairman turned positive after the stock fell by 30 per cent from his sale prices earlier this year. There was also an insider sale at China Minsheng Banking after the stock rebounded by 23 per cent. Lee resumed buying shares of SHKP after the stock rose by as much ...

    http://www.scmp.com/business/money/money-news/article/1597534/company-directors-lead-way-stock-market-purchases

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