• Fri
  • Dec 19, 2014
  • Updated: 11:28am

Sandy Li

Mainland home sales highest since 2009 on falling interest rates

Buoyed by an overall improvement in sentiment and two interest rate cuts this month, home sales across the mainland have risen to a three-year high.

Saturday, 28 July, 2012, 12:00am

Mainland home sales highest since 2009 on falling interest rates

Buoyed by an overall improvement in sentiment and two interest rate cuts this month, home sales across the mainland have risen to a three-year high.

Transactions in 10 major cities monitored by the China Index Academy totalled 6.5 million square metres in the first three weeks of this month, the highest since 2009.

28 Jul 2012 - 12:00am

Worried homebuyers stay on sidelines

The euro-zone crisis, volatile markets and slowing mainland growth are taking a toll on the property market in Hong Kong.

As the number and value of property transactions slump to four-month lows, would-be homebuyers are becoming increasingly worried prices are due for a correction.

5 Jul 2012 - 12:00am

Chinese Estates' core earnings slump 89pc

Chinese Estates reported an 88.7 per cent dive in core earnings last year due to a HK$1.24 billion loss from selling investment securities.

The drop came despite higher property development and rental earnings.

17 Mar 2012 - 12:00am

HK homebuyers beat mainlanders to discounts

The proportion of new small and medium-sized homes in Hong Kong bought by mainlanders dropped 11 percentage points in the last quarter of 2011 as developers offered discounts to draw more Hong Kong home seekers into the market, a survey conducted by Centaline Property Agency shows.

8 Feb 2012 - 12:00am

Developer taps HK market - for a price

Small mainland developer Kai Shi China, which owns two residential projects near Dalian, is tapping the Hong Kong equity market as it battles rising interest rates and tightening credit conditions in its home market.

30 Dec 2011 - 12:00am

Zhongshan sets price limit for home sales

Zhongshan, in Guangdong province, yesterday suspended the registration of homes sold at or above a set limit, effectively cancelling the sales.

The suspension, on sales of 5,800 yuan (HK$7,112) per square metre or above, is another example of local governments following Beijing's directive to curb the rise in property prices. Without registration, no sale can go through.

11 Nov 2011 - 12:00am

Property stocks fall on sales and debt fears

Mainland property stocks fell across the board yesterday as investors feared that declining property sales and higher debt ratios could hit cash flows, especially if Beijing tightened credit further.

13 Sep 2011 - 12:00am

New name for ambitious Shui On as it embarks on a new direction

Shui On Construction and Materials aims to double its after-tax profit to HK$1.8 billion by 2014 as it reinvents itself as a mainland property developer.

It plans to do this by investing in 'special situation' projects, such as distressed assets, and building 'integrated knowledge' communities on the mainland.

8 Sep 2011 - 12:00am

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