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Bonds to fund home projects

Business | Real estate
2011-6-22

CHINA will grant approvals to local government financing vehicles as well as some other qualified companies to issue corporate bonds to fund construction of affordable houses. The National Development and Reform...

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Home sales remain lethargic

Business | Real estate
2011-6-21

BUYING momentum for new homes remained sluggish in Shanghai last week while fewer transactions in the high-end market dragged down average prices. Sales of new homes, excluding those built under the city's affordable...

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HK property risks rising

Business | Real estate
2011-6-20

HONG Kong's government may take more measures to curb property-price gains as "risks" are rising, Financial Secretary John Tsang said yesterday. "The current market situation is abnormal," Tsang wrote in his official...

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More cities see growth slowing in home price

Business | Real estate
2011-6-19

AN increased number of Chinese cities reported evidence of a slowdown in home prices in May compared to a month earlier, according to government data released yesterday. New home prices, excluding affordable housing,...

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Shui On in tie-up with hotel unit for project

Business | Real estate
2011-6-18

SHUI On Construction and Materials Ltd, a subsidiary of the Shui On Group, yesterday officially unveiled its hotel and serviced residence project in Shanghai. In partnership with Four Seasons Hotels and Resorts,...

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Property investment

Business | Real estate
2011-6-17

A TOTAL of 23 percent of foreign investment in China went into the real estate sector last year, the country's foreign exchange regulator said yesterday. The ratio of foreign investment in the property sector...

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More than 100 residential projects in H2

Business | Real estate
2011-6-17

MORE than 100 residential projects are expected to be released in Shanghai in the second half of this year, with nearly 25 percent in Pudong New Area, Soufun.com, a major real estate website, said yesterday. Between...

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Real estate deals

Business | Real estate
2011-6-16

MAJOR real estate investment deals in Beijing and Shanghai will probably exceed 60 billion yuan (US$9.26 billion) this year, with premium office buildings remaining the most attractive among investors, international...

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Land plot sold

Business | Real estate
2011-6-16

A LAND plot near Shanghai's Changfeng Park was sold for 2.43 billion yuan (US$375 million) yesterday, or a gross floor area price of 10,768 yuan per square meter, about 8 percent above its starting price. The...

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Luxury home sales expected to increase

Business | Real estate
2011-6-16

SALES of new luxury homes will continue to pick up in Shanghai over the next couple of months while more real estate developers will offer discounts during the period, industry people said yesterday. "While the...

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Nanjing Rd rents rise to 29th in world

Business | Real estate
2011-6-16

RENTS for retail shops on Nanjing Road W. in Shanghai are the 29th-most expensive in the world, a global real estate service provider said yesterday. Annual rents for retail shops on the downtown street rose nearly...

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Housing loans fall US$106m

Business | Real estate
2011-6-16

HOUSING loans in Shanghai dropped in May for the first time since October as curbs on the housing market take effect, the People's Bank of China said yesterday. The balance of home mortgage loans shrank 690 million...

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Budget housing a boost for investment

Business | Real estate
2011-6-15

ROBUST property investments propelled urban fixed-asset investments to grow at a faster pace in May thanks to the budget housing program. Property investment gained 34.6 percent through May to 1.87 trillion yuan...

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Rents High In Causeway Bay, Central

Business | Real estate
2011-6-14

HONG Kong's Causeway Bay and Central had the world's second and third-highest retail rents after New York's Fifth Avenue, Colliers International said yesterday, following an earlier global retail property report. ...

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Home sales drop 58% in Hong Kong

Business | Real estate
2011-6-14

SALES at 10 of Hong Kong's biggest private residential developments fell 58 percent at the weekend from a week earlier after the city government raised minimum down payments and deposits for foreign buyers. Seventeen...