Market intervention

China Vanke chair Wang Shi again warns of China housing bubble

China Vanke has 98 per cent of its investments in the mainland but plans to have some 20 per cent overseas. Photo: Bloomberg

The bubble is not "light", Wang said at a conference in Shanghai yesterday. "If the bubble lasts, it will be dangerous." Home prices have been increasing even as the government in March stepped up a three-year campaign to cool the market.

Friday, 7 June, 2013, 3:46am

Can restricting exports on milk formula prove best for Hong Kong's babies?

Illustration: Lau Ka-kuen

"There was only one tin left at home, but we could not buy another tin of the same brand for a whole week," says Snowy, the mother of a 10-month-old girl, as she recalls the scramble for milk powder she and her husband went through during the Lunar New Year holiday.

27 May 2013 - 9:04am 3 comments

Market changes call for stamp duty alternative

The current Buyers Stamp Duty is effective in a rising market, whereas cooling prices require a different approach. Photo: Bloomberg

The current Buyers Stamp Duty (BSD) is only really effective in a rising market and a more equitable form of tax such as a Capital Gains Tax (CGT) now needs to be planned for and implemented as a replacement as the market corrects.

7 May 2015 - 12:48pm 1 comment

China home sales show mixed results after cooling measures

China home sales show mixed results after cooling measures. Photo: Reuters

Figures released by the National Bureau of Statistics show residential sales' values jumped 57 per cent year-on-year last month, but were down 13 per cent month-on-month.

15 May 2013 - 3:06am

Beijing clampdown on property market 'won't hold back China homes sales'

Developers who focus on the residential market are likely to see the strongest growth. Photo: Xinhua

The mainland property market will continue to grow, but at a slower pace, while developers which focus on the mass market will experience strongest growth, Moody's Investors Service said.

9 May 2013 - 4:39am

Home prices defy curbs to rise further

New home prices are rising across the mainland. Photo: Xinhua

Driven by strong demand, average prices of new homes in 100 major mainland cities rose 1 per cent last month from March, extending the run of increases to 11 consecutive months, the China Index Academy said.

3 May 2013 - 3:36am

Property investors switch focus from East Asia to the West

Piers Brunner of Colliers International says investors are looking for attractive opportunities outside Hong Kong. Photo: Edward Wong

The exodus of investors from Hong Kong's property market - sparked by the government's measures in February to curb speculation - is continuing, with buyers now seeking alternatives in the West.

7 May 2015 - 12:48pm

German cities plan tighter rent laws

German states are looking at a cap on rent hikes. Photo: Bloomberg

State governments that oversee housing rules in Hamburg, Berlin, Munich and other cities planned to make it illegal to raise rents by more than 15 per cent in three years, according to government officials.

24 Apr 2013 - 5:20am

China home sales set to fall after latest tightening measures

China home sales set to fall after latest tightening measures

New-home sales in first-tier and second-tier cities were up 8 per cent and 13 per cent week on week, respectively, according to Nomura. The next catalyst for the housing market should come after the first week of May - the three-day holiday starting on April 29.

17 Apr 2013 - 5:31am

Hong Kong second-hand home sales rebound to 7-week high after new curbs

Grand Promenade

On February 22 the government announced new measures, including a doubling of stamp duty for homes and non-residential properties valued at more than HK$2 million, and requiring buyers of non-residential properties to pay stamp duty earlier.

7 May 2015 - 12:48pm

Singapore braces for further curbs after record home sales

Pent-up demand and fear of more cooling measures drove home sales in March. Photo: Reuters

Home sales rose to 2,793 in March, rebounding from a 14-month low in February and the highest since the Urban Redevelopment Authority started releasing the information in June 2007, according to data released today. Sales in February slumped to 712 units, the data showed.

17 Apr 2013 - 5:31am

Hong Kong home sellers begin to drop prices to lure buyers in depressed market

The Reach, a residential project in Yuen Long jointly developed by Henderson Land and New World Development. Photo: Nora Tam

The government's cooling measures "have created a severe situation for sellers", Centaline Property managing director Louis Chan Wing-kit said. "Some have waited for up to 40 days to clinch a deal, so now they feel they need to lower prices."

10 Apr 2013 - 5:47am

Government needs better ways to rein in property prices

Hong Kong residential property prices continue to rise despite a rash of cooling measures. Photo: AFP

In the past three years the government and related agencies have intervened in the property market no fewer than 25 times, introducing additional stamp duties - a Special Stamp Duty and a Buyers' Stamp Duty - and mandating banks to lower their maximum mortgage advance ratios and run increased interest rate stress-test scenarios. Most recently, it doubled ad valorem stamp duty rates.

7 May 2015 - 12:48pm

Boao forum panel hears calls for level playing field for private firms

Professor Zhang Weiying, an economist at Peking University, speaks at the Boao Forum. Photo: Xinhua

The central government should intervene less in the private sector and concentrate on offering a level playing field for state-owned and private enterprises to maintain growth and investment, said participants at a panel discussion on the mainland economy at the Boao Forum for Asia in Hainan.

7 Apr 2013 - 7:14am 1 comment

Little hope that latest cooling measures will ease property costs

Major cities have levied a 20 per cent tax on some home sales.

These days, mainlanders and Hongkongers may not see eye to eye on many things - political developments in Hong Kong and even the number of baby formula tins that may be bought, to name two examples. But there is one thing that is sure to rile both sides - property prices soaring far beyond the means of ordinary people.

1 Apr 2013 - 5:32am 3 comments