Tony Chan to mortgage house for fees

Self-styled fung shui master Tony Chan Chun-chuen has agreed to take steps to mortgage a property in Mid-Levels to raise the cash to pay Chinachem Charitable Foundation's legal fees in the court battle over the fortune of its late founder.

Saturday, 28 April, 2012, 12:00am

Government is the cause of market failure, not its solution

Leung Chun-ying believes a more interventionist government would be a good thing.

According to the front page of last Thursday's South China Morning Post, Hong Kong's next chief executive thinks 'the government should intervene to prevent market failure and keep property prices at a level affordable to the public'.

17 Apr 2012 - 12:00am

Home sales rebound on mainland

Property sales in major mainland cities rebounded last month, fuelled by price cuts and mortgage discounts for first-time homebuyers.

Sales of second-hand homes in Shenzhen surged to about 6,000 in March from 1,500 in January, according to data from Centaline Property Agency.

13 Apr 2012 - 12:00am

Focus on lenders' asset quality

The asset quality of mainland lenders will still be the focus of attention in the first-quarter results season this month, after full-year results for 2011 raised red flags.

5 Apr 2012 - 12:00am

State banks cut rates for first-home buyers

The mainland's big state banks and their smaller rivals in Shanghai have rapidly revived efforts to attract local mortgage clients, offering first-home buyers discount rates much lower than last year's industry average.

14 Mar 2012 - 12:00am

Shifting fortunes of Hibor and prime

After making the biggest investment decision of her life to buy a flat in Hong Kong, Palanka Luk is now wrestling with another challenge - what type of mortgage should she choose?

'A prime-linked rate, or a loan linked to the Hong Kong interbank offered rate (Hibor)?' mused the single office worker in her mid-30s.

14 Mar 2012 - 12:00am

Price and rate cuts lift sales of homes

Property sales on the mainland climbed significantly this month amid a lowering of mortgage rates at banks and steep price cuts by developers at new projects.

14 Mar 2012 - 12:00am


Beijing office rents rise faster than rest of region

7 Mar 2012 - 12:00am

City Digest

Carson Yeung claims bank allowed delayed payment

29 Feb 2012 - 12:00am

Down payment subsidies aim to lure buyers

Falling home prices on the mainland are forcing some developers to allow first-time home buyers to delay down payments - or subsidise the payments to boost sales.

28 Feb 2012 - 12:00am

Credit easing not likely to stem home price falls

Easier access to credit for developers is unlikely to stop home prices on the mainland from falling, according to analysts.

Their comments follow the decision last week by the People's Bank of China to lower banks' reserve requirement ratios, which is the percentage of deposits they are obliged to keep on reserve, by 50 basis points.

22 Feb 2012 - 12:00am

Mainland bank earnings reach record 1.04tr yuan

Mainland bank earnings reached a record 1.04 trillion yuan (HK$1.28 trillion) last year, up 15.8 per cent from 2010, according to data from the China Banking Regulatory Commission.

However, the pace of growth was much slower than the 34.5 per cent surge in earnings in 2010, but still faster than the 14.6 per cent increase in 2009.

20 Feb 2012 - 12:00am

Guessing game on home prices in China

An intense guessing game is underway in China about how far property prices will need to fall before Beijing is persuaded to lift its anti-speculative measures aimed at cooling down the market.

20 Feb 2012 - 12:00am

Cheung Kong raises selling prices

Cheung Kong plans to sell a further 72 flats at its Festival City project in Tai Wai at prices slightly higher than those sold two months ago, saying stock and property market sentiment is on the rise.

16 Feb 2012 - 12:00am

Extra aid for first-time home buyers on mainland

Mainland property stocks rallied yesterday after the central bank indicated that it would support first-time home purchases, sparking hope for a rebound in property sales after a five-month slump.

9 Feb 2012 - 12:00am