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Asking prices only for land sales

Business | Real estate
2011-9-8

LAND sales soared in Shanghai in August despite an extremely sluggish housing market but the majority of the parcels were sold at asking prices as developers remained cautious. Land plots totalling 2.2 million...

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HK site sells under estimates

Business | Real estate
2011-9-7

SUN Hung Kai Properties Ltd paid HK$3.12 billion (US$400 million) for a residential site at a Hong Kong land auction yesterday, the third plot in succession to sell for less than estimates as the city's home prices...

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Vanke's sales jump

Business | Real estate
2011-9-7

CHINA Vanke Corp yesterday said contracted sales jumped by around 50 percent in both volume and value in the first eight months of this year. The Shenzhen-based company sold a total of 7.33 million square meters...

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New home sales rise below estimates

Business | Real estate
2011-9-6

SHANGHAI posted a rise in new home sales last week but analysts said the increase was below expectations, and although the average price retreated it was still above 22,000 yuan (US$3,443) per square meter for the...

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Home sales grow below seasonal expectations

Business | Real estate
2011-9-5

HOUSE-BUYING sentiment remained in the doldrums in Shanghai last week while average prices remained firmly above 22,000 yuan (US$3,443) per square meter for the third straight week. Sales of new homes, excluding...

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Overseas real estate in demand

Business | Real estate
2011-9-3

ABOUT 60 high-end property developments from both China and abroad are taking part in the ongoing China International Luxury Property and Home Decor Show in Shanghai with overseas developers and estate agents showing...

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Worst August in 7 years for new housing sales

Business | Real estate
2011-9-2

NEW home sales in Shanghai dropped to the lowest in August in seven years as tighter purchase restrictions eroded further an already slack buying sentiment. Sales of new homes, excluding affordable housing, fell...

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Existing home index gains for 12 months

Business | Real estate
2011-9-2

SHANGHAI'S secondhand housing index edged up in August again but sales of previously-occupied homes remained extremely sluggish. The index, which monitors price fluctuations of the city's existing homes, gained...

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House Prices Fall Faster

Business | Real estate
2011-9-2

UK house prices fell the most in 10 months in August as a slowing economic recovery threatens to undermine demand, according to Nationwide Building Society. The average cost of a home dropped 0.6 percent to 165,914...

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Premium homes sold

Business | Real estate
2011-9-1

NEARLY 100 new residential units costing more than 100,000 yuan (US$15,650) per square meter were sold in Shanghai in the first eight months of this year, with Sunville, a villa development near Sheshan Hill in Songjiang...

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US home prices to fall further

Business | Real estate
2011-8-31

SPRING buying pushed home prices up for a third straight month in most major United States cities in June. But the housing market remains shaky, and further price declines are expected this year. The Standard &...

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Evergrande gains from small-city strategy

Business | Real estate
2011-8-31

EVERGRANDE Real Estate Group Ltd, one of China's top home sellers, said yesterday net profit more than doubled in the first half of this year as it gained from its strategy of focusing on smaller cities instead of...

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Despondent mood stays

Business | Real estate
2011-8-30

MORE than half of Chinese home buyers don't expect sales to grow sharply in September and October, the traditional high season for property sales, while more than 44 percent of respondents said they have no plans...

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Sluggish Sales Of New Homes On High Prices

Business | Real estate
2011-8-30

SALES of new homes in Shanghai continued to be sluggish last week as housing prices remained high. New home sales, excluding those of affordable housing, fell 1.7 percent from a week earlier to 134,900 square meters...

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Home curbs may go to 2nd-tier cities

Business | Real estate
2011-8-29

CHINA may extend policies to curb house purchases to other second-tier cities, as Taizhou in Zhejiang Province became the first such city to rein in housing speculation by restricting buying. Taizhou has restricted...