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  • October 1, 2014
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  1. Property - Hong Kong & China - PROPERTY

    Looser mortgage rules seen boosting China's sluggish property market

    Posted Oct 01st 2014, 04:23am by Toh Han Shih, VICTORIA RUAN AND PEGGY SITO

    ... Toh Han Shih, Victoria Ruan and Peggy Sito First-time buyers redefined as those who have paid off mortgage loans Looser mortgage rules set to boost demand The People's Bank of China ... credit, including restricted mortgage lending. Sixty-eight of the 70 cities monitored by the National Bureau of Statistics recorded falls in property prices last month, the highest number since ...

    http://www.scmp.com/property/hong-kong-china/article/1604970/looser-mortgage-rules-seen-boosting-chinas-sluggish
  2. Property - Hong Kong & China - PROPERTY

    China developers resist pressure to cut prices, leading to market standoff

    Posted Sep 29th 2014, 02:11am by Langi Chiang

    ... would soon lower deposit requirements and mortgage rates for first-home buyers, after about 40 cities eased home purchase restrictions. The curbs remain in Beijing, Shanghai, Shenzhen ... the period, but sales picked up in Shenzhen and Shanghai. Combined residential property sales in 18 second-tier cities, including Nanjing and Xiamen, fell 4 per cent from a month earlier, but jumped ...

    http://www.scmp.com/property/hong-kong-china/article/1603432/china-developers-resist-pressure-cut-prices-leading-market
  3. Business - Companies - PROPERTY

    Fantasia’s August sales up 119pc as Chinese cities ease curbs

    Posted Sep 04th 2014, 12:53pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Fantasia Holdings said it pulled in 1.04 billion yuan (HK$1.31 billion) in property sales last month, up 119 per cent from July as more Chinese cities have relaxed restrictions on home purchases since May. In a filing with the Hong Kong stock exchange on Thursday, it said the average selling price was 6,854 yuan per square metre, about 8 per cent ...

    http://www.scmp.com/business/companies/article/1585020/fantasias-august-sales-119pc-chinese-cities-ease-curbs
  4. Property - Hong Kong & China - PROPERTY

    Fanling residential site attracts 23 bidders as demand remains strong

    Posted Sep 27th 2014, 05:34am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Small residential site attracts 23 bidders as developers seek to tap into pent-up demand Distance from city no deterrent in Fanling tender A small residential site in Fanling attracted 23 bidders yesterday although the site is far from the city centre, with surveyors estimating it could be worth between HK$525 million and HK$693 million, ...

    http://www.scmp.com/property/hong-kong-china/article/1601288/fanling-residential-site-attracts-23-bidders-demand-remains
  5. Business - China Business - PROPERTY

    Nanjing scraps home purchase curbs

    Posted Sep 22nd 2014, 12:03pm by Peggy Sito, Eric Ng, Yvonne Liu

    ... Peggy Sito, Eric Ng and Yvonne Liu Mainland city is the latest of many to roll back cooling measures, and plans to help first-time buyers get on housing ladder with loan support Nanjing scraps real estate curbs in bid to boost market Nanjing has become the latest mainland city to remove property curbs in a move to boost the struggling market, but the rights issue offering ...

    http://www.scmp.com/business/china-business/article/1597881/nanjing-scraps-home-purchase-curbs
  6. Property - Hong Kong & China - PROPERTY

    BOC, Agricultural Bank to allow relaxed mortgage policies

    Posted Sep 25th 2014, 12:36pm by Sandy Li

    ... will appreciate, not the cost," said Tao Dong, the chief regional economist at Credit Suisse. Although more than 40 cities have either scrapped or loosened purchase restrictions put in place ...

    http://www.scmp.com/property/hong-kong-china/article/1600133/boc-agricultural-bank-allow-relaxed-mortgage-policies
  7. Property - Hong Kong & China - PROPERTY

    Country Garden’s new CFO aims to halve developer’s funding cost

    Posted Sep 23rd 2014, 11:24am by Langi Chiang

    ... including hotels worth 15 billion yuan. It also owns shops in residential projects in 95 mainland cities and some schools. "We need to activate these assets, using the power of capital," Wu said.   In C-Suite, Wu shares Country Garden’s love for the mainland's small cities ...

    http://www.scmp.com/property/hong-kong-china/article/1597497/country-gardens-new-finance-chief-aims-halve-developers
  8. 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

    ... Peggy Sito peggy.sito@scmp.com Mainlanders return to city's housing market following slump due to increased stamp duties Developers speed up flat launches to lure home buyers ... patience waiting for a market correction. The expedited launch schedules also coincide with the gradual return of mainland buyers to the city's housing market after a sharp decline ...

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

    Greenland dismisses China housing pessimism as 'overdone'

    Posted Sep 22nd 2014, 04:28am by Daniel Ren

    ... of opportunities in the mainland market, dismissing as overdone concerns following a report that home price falls spread to a record number of cities last month. Chen Jun, chairman and chief executive ... in the coming years. The developer's upbeat mood is in contrast to fears expressed for the industry after 68 of 70 big mainland cities witnessed home price falls in August. The government figures ...

    http://www.scmp.com/property/hong-kong-china/article/1597567/greenland-dismisses-china-housing-pessimism-overdone
  10. Property - Hong Kong & China - PROPERTY

    China's VAT reform to impact developers in cooling market

    Posted Sep 22nd 2014, 04:28am by Langi Chiang

    ... be required to pay out long before they reaped any benefits. The Beijing-based developer of Joy City malls, along with some of the mainland's biggest property firms including China Vanke ... or even higher for some projects. That, said Shen, would mean a lower tax burden for his company and heavier taxes for residential developers in first-tier cities. "The reform is positive ...

    http://www.scmp.com/property/hong-kong-china/article/1597684/chinas-vat-reform-impact-developers-cooling-market

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