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  • July 23, 2014
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  1. News - World - PROPERTY

    More wealthy Chinese likely to buy homes in United States, analysts say

    Posted Jul 11th 2014, 12:04am by BLOOM

    ... period last year and more than any other nationality. That's the equivalent of 24 cents of every dollar spent by international homebuyers, said the National Association of Realtors in its ... of the US$1.2 trillion of existing-home transactions in the year through March, the National Association of Realtors said. And the share of money arriving from China is likely to keep growing, said ...

    http://www.scmp.com/news/world/article/1551334/more-wealthy-chinese-likely-buy-homes-united-states-analysts-say
  2. 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

    ... Sandy Li sandy.li@scmp.com Group offers discounts in cities with housing glut in its push to clear 5b yuan worth of stock Shimao looks to speed up sales of unsold units Shimao Property Holdings says it will destock half of its unsold units worth 10 billion yuan (HK$12.6 billion) that are carried over from last year and cut prices in cities suffering from a housing glut, according ...

    http://www.scmp.com/property/hong-kong-china/article/1539196/shimao-looks-speed-sales-unsold-units-china
  3. News - Hong Kong - PROPERTY

    Big interest expected in small flats at Fung Yuen, Tai Po

    Posted Jul 11th 2014, 11:39pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com New homes in Fung Yuen, under 200 sq ft and less than HK$2m, are due on sale this month Big interest in small flats expected Tiny flats on offer at Cheung Kong's Mont Vert in Tai Po are set to cause a big impact among investors and first-time buyers. The 1,071-unit project in Fung Yuen offers 196 flats with sizes of less than 200 sq ft. ...

    http://www.scmp.com/news/hong-kong/article/1552394/big-interest-small-flats-fung-yuen-tai-po-expected
  4. Property - Hong Kong & China - PROPERTY

    Hong Kong government, MTR to release five housing sites for sale

    Posted Jul 01st 2014, 04:11am by Yvonne Liu

    ... projects usually offer more flats," said Vincent Cheung Kiu-cho, national director for Greater China at property consultant Cushman & Wakefield. "There will be some difficulties. ...

    http://www.scmp.com/property/hong-kong-china/article/1543931/hong-kong-government-mtr-release-five-housing-sites-sale
  5. Property - Hong Kong & China - PROPERTY

    Increase in land supply helps small developers compete with big firms

    Posted Jul 01st 2014, 04:11am by Sandy Li

    ... would include the land cost and the building of about 380 units on the property. "We have nearly exhausted our land bank as most flats in existing projects had already been sold," he ... competition, Chan stressed that half of the 59 residential sites were 5,000 square metres or less. Nine sites went to three major developers and those areas could provide in excess of 3,800 units. More ...

    http://www.scmp.com/property/hong-kong-china/article/1543903/increase-land-supply-helps-small-developers-compete-big
  6. Property - Hong Kong & China - PROPERTY

    Developers offer incentives to boost sales in Hangzhou

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

    ... Hangzhou's increasingly overbuilt problem. Last month, home prices in the city fell 1.4 per cent from a year earlier, double the pace of the 0.7 per cent drop in April, according to the National ...

    http://www.scmp.com/property/hong-kong-china/article/1539197/developers-offer-incentives-boost-sales-hangzhou
  7. Property - Hong Kong & China - PROPERTY

    SHKP sale boosts market sentiment

    Posted Jun 16th 2014, 03:12am by Peggy Sito

    ... some observers said the outlook was clouded as developers rushed to launch projects to absorb the pent-up demand in the market. "Developers are looking to launch their large-sized units with three to four bedrooms. The increase in new supply could exert pricing pressure on these units," said Midland Realty chief executive Sammy Po Siu-ming. Units of this size were sold ...

    http://www.scmp.com/property/hong-kong-china/article/1533595/shkp-sale-boosts-market-sentiment
  8. Property - Hong Kong & China - PROPERTY

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

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

    ... 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 ... months' time. The smallest unit was about 70 square metres and cost about 1.2 million yuan, the report said. A staff member confirmed the payment details in the report. A Poly investor relations ...

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

    Import workers to solve rising costs, says K Wah chairman Lui Che-woo

    Posted Jun 13th 2014, 05:43am by Yvonne Liu

    ... The city also imports hundreds of thousands of domestic workers from nations like the Philippines and Indonesia. Last month, two residential sites in Tai Po and Tuen Mun were sold for record-low ...

    http://www.scmp.com/property/hong-kong-china/article/1531148/import-workers-solve-rising-costs-says-k-wah-chairman-lui
  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

    ... "Small developers are not the only ones that owe us money, but also major players," Lai said. "Some subsidiaries of national property firms are struggling to pay bills as liquidity ...

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

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