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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...

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8 Land Sites Up For Sale

Business | Real estate
2011-6-11

THE Hong Kong government will put seven sites from the 2011-12 application list up for sale in the coming July to September quarter in a bid to increase land supply, the city's Secretary for Development Carrie Lam...

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HK moves to cool home prices

Business | Real estate
2011-6-11

HONG Kong ordered home buyers to make bigger down payments and raised hurdles for overseas investors, widening a 20-month effort to cool surging home prices and avert defaults on bank loans. Buyers of homes costing...

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City sells most land parcels in single day

Business | Real estate
2011-6-10

EIGHT land parcels totaling about 380,000 square meters were sold yesterday in Shanghai, the largest single-day release of land so far this year. The plots fetched a combined 4.25 billion yuan (US$656 million). ...

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Cheung Kong Pays 10% Lower For Site In Hong Kong

Business | Real estate
2011-6-10

HONG Kong sold a site in one of the city's most exclusive areas below surveyors' estimates, suggesting higher mortgage rates may be denting demand. Cheung Kong (Holdings) Ltd, the developer controlled by billionaire...

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Xintiandi size to double

Business | Real estate
2011-6-9

XINTIANDI - the upmarket car-free shopping, eating and entertainment area in the heart of downtown Shanghai - will double in size over the next few years and grow into an integrated community, its developer said yesterday. ...

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New home sales at highest

Business | Real estate
2011-6-8

SHANGHAI'S new home sales rose to the highest in four months last week while the average price was little changed. Sales of new homes, excluding those built under the city's affordable housing programs, jumped...

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Britain's house price gloom

Business | Real estate
2011-6-8

BRITISH house prices inched up in May but fell at their sharpest annual rate in 18 months, figures from a major mortgage lender showed yesterday. Halifax said house prices rose 0.1 percent on the month but fell...

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Shanghai Auctions Residential Plots

Business | Real estate
2011-6-4

TWO residential plots were auctioned yesterday for the first time in two months in Shanghai. Shanghai Tongji Real Estate Co and the Architectural Design and Research Institute of Tongji University jointly won the...

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Housing land sales down 14%

Business | Real estate
2011-6-4

SALES of land for residential development in China fell by 14 percent year on year during the first five months of this year, largely due to efforts to cool its sizzling property market. Land sales in 128 cities...

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HK home deals dip

Business | Real estate
2011-6-3

THE number of home transactions in Hong Kong fell for a fifth straight month in May as rising mortgage rates continue to dent buying sentiment. The number of units that changed hands last month fell 12 percent...

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Housing index in Shanghai climbs

Business | Real estate
2011-6-3

SHANGHAI'S existing housing index climbed for the ninth straight month in May with prices in more than half of the monitored areas gaining. The index, which tracks price fluctuations of existing homes across the...