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  • July 14, 2014
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  1. 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

    ... the deterioration in developers' financial positions was likely to trigger a long-overdue shake-up. Volatile as the sector may be, few expect the market to suffer a collapse like the subprime mortgage ... decline in margins since 2011. That was the year the government moved to rein in the overheating housing market through measures including higher mortgage rates and limits on how many homes each ...

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

    China's 'no-money-down' practice echoes US subprime loan risks

    Posted Jun 16th 2014, 03:12am by Bloomberg

    ... Bloomberg in Beijing China faces US-style subprime risks Mainland homebuyers are being offered no-money-down purchases in an echo of the subprime lending that triggered the economic meltdown in the United States and the global financial crisis. Deals skirting government requirements for minimum 30 per cent down payments have emerged this year from Guangzhou and Shenzhen ...

    http://www.scmp.com/property/hong-kong-china/article/1533600/chinas-no-money-down-practice-echoes-us-subprime-loan-risks
  3. Property - Hong Kong & China - PROPERTY

    China approves reverse mortgage pilot scheme

    Posted Jun 24th 2014, 05:58am by Reuters

    ... Reuters in Beijing Beijing nod to reverse mortgage pilot scheme The mainland will allow retirees to take out bank loans against their homes to pay for their living expenses under a pilot ... Guangzhou and Wuhan will start a two-year experiment from July 1, the China Insurance Regulatory Commission said. Reverse mortgages, common in developed countries but new to the mainland, ...

    http://www.scmp.com/property/hong-kong-china/article/1539194/china-approves-reverse-mortgage-pilot-scheme
  4. Property - Hong Kong & China - PROPERTY

    China lenders unlikely to sell cheap mortgages

    Posted May 19th 2014, 03:22am by Langi Chiang

    ... to sell cheap mortgages Mainland banks, under rising pressure to protect their net interest margin, will be less than keen about heeding the central bank's call last week for speedy and cheaper mortgage loans, indicating more policy relaxation or deeper cuts in home prices are needed to curb the downward spiral in the property market. "Nowadays, banks' No 1 goal ...

    http://www.scmp.com/property/hong-kong-china/article/1515070/china-lenders-unlikely-sell-cheap-mortgages
  5. Property - Hong Kong & China - PROPERTY

    Shimao looks to speed up sales of unsold units in China

    Posted Jun 24th 2014, 05:58am by Sandy Li

    ... The People's Bank of China has cut the reserve requirement ratio for selected banks in the past two months, leaving them with more cash for mortgages and loans. It has also urged banks to speed up the approval of mortgages to first-time buyers. Shares of Shimao gained 1.3 per cent to close at HK$14 yesterday. ...

    http://www.scmp.com/property/hong-kong-china/article/1539196/shimao-looks-speed-sales-unsold-units-china
  6. Property - Hong Kong & China - PROPERTY

    Developers’ cash flow hit by delays in home loan approvals

    Posted Jun 12th 2014, 10:56am by SANDY LI AND LANGI CHIANG

    ... In November, Hu Qiang bought a 90 square metre flat in the outskirts of Nanjing, Jiangsu province, for one million yuan (HK$1.26 million) and immediately applied for a mortgage. Hu knew that getting ... they won't get the outstanding 70 per cent of sales proceeds until banks approve the mortgages." The delays in mortgage approvals are proving to be a nightmare to highly geared small developers ...

    http://www.scmp.com/property/hong-kong-china/article/1530650/developers-cash-flow-hit-delays-home-loan-approvals
  7. 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

    ... said developers in third and fourth-tier cities were suffering the most as sales fell sharply and banks slowed the granting of mortgage loans. Alan Chiang Sheung-lai, who heads residential ... for commission s to be paid and its accounts receivable were 20 per cent higher than usual. "It is mainly due to slow mortgage approvals and fund s release from banks," the manager said. ...

    http://www.scmp.com/property/hong-kong-china/article/1531446/cash-strapped-mainland-developers-delaying-commissions
  8. Property - Hong Kong & China - PROPERTY

    Mainland China property market cooling down fast

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

    ... (HK$7,490) per square metre and helping homebuyers dodge down payment restrictions so that they can apply for mortgage loans as part of its efforts to speed up sales. Many other small cities ...

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

    Soaring prices prompt BoE warning on 'dangers'

    Posted May 03rd 2014, 04:01am by Reuters

    ... the momentum that has built up in the UK housing market since the spring of last year," Cunliffe told a banking industry dinner. Mortgage lender Nationwide said on Thursday that British house ... light" on the committee's dashboard. He also said Britain's banks, most of whose lending is in the form of mortgages, are now better placed to handle a major housing shock, while home ...

    http://www.scmp.com/property/international/article/1502964/soaring-prices-prompt-boe-warning-dangers
  10. Property - International - PROPERTY

    Bank of England cuts mortgage support to avoid bubble

    Posted Nov 29th 2013, 04:27am by Reuters

    ... Reuters in London Bank of England says it will refocus Funding for Lending scheme on helping smaller firms Britain reins in mortgage plan to avoid bubble The Bank of England moved to head off the risk of a bubble in house prices yesterday, making a surprise announcement that it would put the brakes on a scheme launched last year to boost mortgage lending. Shares in British ...

    http://www.scmp.com/property/international/article/1368242/bank-england-cuts-mortgage-support-avoid-bubble

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