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  • September 19, 2014
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  1. News - Hong Kong - MAINLAND

    4 Hongkongers jailed for running pyramid scheme

    Posted Aug 20th 2014, 04:14am by Minnie Chan

    ... more than 68 million yuan (HK$85 million) of capital since 2009 to last year. A former member who organised a self-help group for former DCHL distributors said the couple's full names were ... the Zhenjiang district court also fined them between 300,000 and 100,000 yuan each. All 14 DCHL key distributors in Shaoguan were arrested by the city's police on August 14 last year, the China ...

    http://www.scmp.com/news/hong-kong/article/1577319/4-hongkongers-jailed-running-pyramid-scheme
  2. Property - Hong Kong & China - MAINLAND

    Guangzhou new home prices jump 14pc from April

    Posted Jun 17th 2014, 03:05pm by Langi Chiang

    ... yuan (HK$34,800) per square metre. The price in Chengdu, in Sichuan province, remained the cheapest of the 10 cities, at 7,192 yuan per square metre. In year-on-year terms, new home prices rose ...

    http://www.scmp.com/property/hong-kong-china/article/1533984/guangzhou-new-home-prices-jump-14pc-april
  3. Property - Hong Kong & China - MAINLAND

    Foreign investors cool on Chinese real estate

    Posted Mar 25th 2014, 03:05pm by Langi Chiang

    ... estate market could embrace another boom, although the yuan would not supplant the US dollar soon as a reserve currency for the world. "China has no place to go but to continue to open up the convertibility of the yuan," he said. Last week, Beijing expanded the yuan's daily trading limit to 2 per cent above or below a midpoint set by the central bank, from 1 per cent previously. ...

    http://www.scmp.com/property/hong-kong-china/article/1456886/foreign-investors-cool-chinese-real-estate
  4. Property - Hong Kong & China - MAINLAND

    Sales of luxury China property to rise after curbs on pre-sale licences lifted

    Posted Feb 12th 2014, 04:29am by Langi Chiang

    ... to an average of 49,644 yuan (HK$63,550) per square metre in Beijing. Global property consultancy DTZ said prices rose almost 25 per cent last year to an average of 52,129 yuan per square metre. Short ... developers to bet on home price rises in top cities such as Beijing and Shanghai. The two cities were home to one-third of the 1.05 million mainlanders with wealth of more than 10 million yuan ...

    http://www.scmp.com/property/hong-kong-china/article/1426068/sales-luxury-china-property-rise-after-curbs-pre-sale
  5. Property - Hong Kong & China - MAINLAND

    Buyers, sellers in Beijing stay on sidelines

    Posted Mar 04th 2014, 02:50pm by Langi Chiang

    ... month from January and 18.36 per cent year on year, to an average of 42,762 yuan (HK$54,000) per square metre. Its main rival, CRIC, a unit of real estate services firm E-House (China), said ...

    http://www.scmp.com/property/hong-kong-china/article/1439330/buyers-sellers-beijing-stay-sidelines
  6. Property - Hong Kong & China - MAINLAND

    China to boost land supply for housing in mega cities

    Posted Feb 26th 2014, 05:24am by Langi Chiang

    ... development grew 26.8 per cent last year to 200,000 hectares, pushing up local government revenue from sales to a record high of over 4 trillion yuan (HK$5 trillion). "Local governments, ...

    http://www.scmp.com/property/hong-kong-china/article/1435066/china-boost-land-supply-housing-mega-cities
  7. Property - Hong Kong & China - MAINLAND

    China Vanke needs right strategy to remain No.1 developer, say analysts

    Posted Jan 15th 2014, 05:33am by Langi Chiang

    ... it if it does not get its strategies right. The group once again topped sales rankings in the real-estate industry last year, with revenues of 170.9 billion yuan (HK$208.5 billion), followed by Greenland Group, Dalian Wanda Group, Poly Real Estate, China Overseas Land and Investment, Country Garden, and Evergrande Real Estate- all of whom achieved sales of above 100 billion yuan ...

    http://www.scmp.com/property/hong-kong-china/article/1405497/china-vanke-needs-right-strategy-remain-no1-developer-say
  8. Property - Hong Kong & China - MAINLAND

    Beijing's 'rat race' migrants, unable to afford high rents, live underground

    Posted Jan 08th 2014, 05:35am by Reuters

    ... fleeing fastrising property prices by heading underground. Hu and his wife live beneath an affluent downtown apartment building, in a windowless 4 square metre space he rents for 400 yuan (HK$508) ... yuan a month at a hotpot restaurant on the street above, added: "If I weren't trying to save money, I wouldn't live here." Locals have dubbed Hu and his fellow subterranean ...

    http://www.scmp.com/property/hong-kong-china/article/1399918/beijings-rat-race-migrants-unable-afford-high-rents-live
  9. Property - Hong Kong & China - MAINLAND

    Developer China Vanke promotes fun runs in belief healthy staff boosts sales

    Posted Dec 11th 2013, 03:47am by Langi Chiang

    ... sales exceeded the psychologically important level of 100 billion yuan (HK$127 billion) in 2010 and have since gone on to reach 160 billion yuan in the first 11 months of this year. However, its ... Country Garden and Dalian Wanda Group. "After sales hit 100 billion yuan, growth tends to ease down," said Vanke's chief executive, Yu Liang. "So we needed to challenge ...

    http://www.scmp.com/property/hong-kong-china/article/1377578/developer-china-vanke-promotes-fun-runs-belief-healthy
  10. Property - Hong Kong & China - MAINLAND

    Developers' inability to build up mainland China land banks set to hit sales

    Posted Dec 11th 2013, 03:47am by Sandy Li

    ... cent rise in home prices. The surge in land prices has arisen as developers bid fiercely in government land auctions. Last week Evergrande Real Estate paid 9.68 billion yuan (HK$12.35 billion) ... months of the year it generated contract sales of 98.38 billion yuan, up 16.3 per cent for the whole of last year. Citing Evergrande, the largest developer in Guangzhou, as an example, the report ...

    http://www.scmp.com/property/hong-kong-china/article/1377574/developers-inability-build-mainland-china-land-banks-set

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