Economy of the Republic of Ireland

Cohorts of pussyfooters tiptoe around extravagance curbs

Still No 1: Gina Rinehart

We see that Communist Party chief Xi Jinping has reiterated his call for a curb on official banquets and has called on all government agencies to tone down official receptions to end extravagance and to follow the fine Chinese tradition of "being diligent and thrifty".

Friday, 1 February, 2013, 5:23am 1 comment

Fears of housing bubble

Bright spots on the global property scene are about as abundant as good news in Greece right now. New data shows house prices have fallen in at least 24 countries this year, and have risen in only 12. In this, the first of a two-part series, we look at two of the best performers: Brazil and India.

6 Jun 2012 - 12:00am

Property prices fall for eighth month

Mainland home prices fell for the eighth month in a row last month, data from one of the country's largest property research firms shows.

Year on year, prices fell for the first time last month by 0.71 per cent.

3 May 2012 - 12:00am

Opinions vary on outlook for property developers

Analysts are divided over the outlook for share prices of Hong Kong property developers under the new administration of chief executive-elect Leung Chun-ying.

23 Apr 2012 - 12:00am

Irish market picking up as bargains draw in buyers

Investors from China, including Hong Kong, are buying property in Ireland as the investment market in the country picks up after a year-long slump.

Owen Reilly, director at Dublin property consultants Owen Reilly, said his firm sold 31 homes and a shop to buyers from China, including Hong Kong, last year. Some of the buyers were Irish expatriates.

11 Apr 2012 - 12:00am

China Life in need of capital aid

China Life Insurance, whose earnings plummeted last year, says it will use more capital-raising measures to shore up its solvency.

'In the future, raising capital from external channels will become a regular channel for replenishing capital and improving solvency ratios,' China Life president Wan Feng said at a post-results briefing.

28 Mar 2012 - 12:00am

REVIVAL under way

After months in the deep freeze, the housing market is showing signs of thawing, as buyers return from the sidelines.

In February, monthly home sales in the primary and secondary markets rebounded 10 per cent over the previous month, figures from the Land Registry show. But February home sales were still 63 per cent lower than the corresponding month a year earlier.

16 Mar 2012 - 12:00am

Developers shun new sites in downturn

The number of property development sites sold by the central government halved last month and the sharp drop in sales is expected to continue throughout this year.

10 Feb 2012 - 12:00am

Tourism and building to power HK jobs growth

Tourism and construction will lead a surge in the number of workers in the next six years, a government manpower projection has predicted.

It said the sectors would power an almost 10 per cent increase in Hong Kong's workforce to 3.6 million in 2018, from 3.28 million two years ago.

10 Feb 2012 - 12:00am

Spending on food falls but mainlanders keep HK hot

Hongkongers spent less on fresh and frozen food in September as prices soared for fish, livestock and poultry. But expensive goods like electronics and jewellery were still hot items among mainland tourists.

2 Nov 2011 - 12:00am

Efforts to cool home prices may backfire, mainland warned

The World Bank yesterday warned that the mainland government's tough measures to rein-in runaway home prices could cause a sudden downturn in the market, sending shock waves through the property sector.

29 Apr 2011 - 12:00am

Moves to cool property market take edge off prices in 70 mainland cities

The growth in property prices in 70 major mainland cities slowed last month, reflecting the impact of the central government's measures to cool the real estate sector.

According to data from the National Bureau of Statistics, most cities recorded a slowdown in property price growth in February.

19 Mar 2011 - 12:00am

Calls mount for further cooling measures

Property analysts called on the government to release new measures to cool the overheated property market, because Financial Secretary John Tsang Chun-wah's budget failed to address the problem, they said.

9 Mar 2011 - 12:00am

2010 upsurge in completed flats ends seven-year decline

Last year saw the most flats completed in Hong Kong in four years, reversing a downward trend in private housing supply over the past seven years.

Transport and Housing Bureau statistics show that about 13,400 flats were completed in 2010 - 86 per cent more than a year ago.

In 2009, only 7,200 new flats were completed, the least since records began in 1997.

22 Jan 2011 - 12:00am

More controls expected as home prices rise further

Home prices on the mainland continued to rise last month, triggering concerns that more cooling measures might be in the offing this year.

Prices in 70 big and small cities rose 0.3 per cent from November, according to the National Bureau of Statistics. The growth was the same as that a month earlier and slightly higher than the 0.2 per cent increase in October.

18 Jan 2011 - 12:00am