China - Housing 05 (Jul 16 - Dec 19)

Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Fri Sep 14, 2018 7:49 am

Discounts drive into homes market

Chinese property developers are offering free luxury cars and hefty discounts to lure buyers as lending curbs and funding constraints squeeze their finances.

China Merchants Shekou Industrial Zone Holdings is giving away a BMW Series 3 or X1 to buyers of a three-bedroom unit or townhouse at its Shanghai development. The car, or cash equivalent, equates to about a 10 percent discount on the 3.1 million yuan (HK$3.55 billion) price of the 89-square-meter apartment.

At China Evergrande Group's (3333) 646 nationwide projects, a basic 11 percent price cut widens to as much as 26 percent once extra perks, such as discounts to buyers referred by Evergrande employees or previous buyers, are thrown in.

An initial down-payment of just 5 percent is required, compared with the usual 30 percent deposit required by local governments.

Developers are bridging the gap by offering multiyear installment plans as a way of getting around higher thresholds aimed at deterring property speculators.

The giveaways and discounts suggest debt-laden developers are pulling out all stops to raise revenue, with the sector facing a record US$23 billion (HK$180.52 billion) maturity wall in the first quarter of 2019.

At the same time, China's determination to keep a lid on home prices has made it harder for developers to generate swift cash from sales.

"Financing is becoming hard for everyone, even including the giant players," said Sabrina Wei, head of northern China research at Cushman & Wakefield in Beijing. "They need discounts to boost sales and collect cash."

Developers in neighboring Hong Kong are also offering perks such as free holiday and travel packages and easy credit to lure buyers in a sign one of the world's hottest property markets may finally be cooling.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20180914
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby behappyalways » Sat Sep 15, 2018 5:27 pm

Growth in Chinese home prices accelerates to two-year high
https://finance.yahoo.com/news/growth-c ... ector.html
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Fri Sep 21, 2018 7:25 am

Chinese developers rose further after the government said it was planning to allow mortgages and rents to be deducted from individuals’ taxable income.

Source: SCMP
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Wed Sep 26, 2018 11:38 am

<Research Report>CICC: Mkt Misinterpreted Mainland Abolishing Pre-sale System

A-share property developers plummeted nearly 5% yesterday's morning trading (25 September), following the plunge in the same sector in Hong Kong on 24 September.

CICC highlighted in its report, citing the main reason was that Guangdong Province, reportedly brewed to abolish the pre-sale system of commodity housing, sparking worries over the after-market policy.

The research house said market has been misunderstanding and overthinking about the situation because the policy was not intended to call off the pre-sale system.

The above-mentioned policy of Guangdong Province was actually a feedback on the earlier letter issued by Ministry of Housing and Urban-Rural Development (MOHURD) which asked Guangdong and five other provinces to assess property industry permit systems and discuss whether the current property pre-sale permit system should be removed or kept.

CICC made clear that MOHURD's goal for such a discussion aimed not at cancelling the pre-sale system, instead it planned to grant higher autonomy to local authorities for whether to cancel the pre-sale grant approval in order to streamline the procedure.

Source: AAStocks Financial News
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Fri Oct 12, 2018 5:26 am

Public anger in China spreading as property prices drop

Sales are usually brisk at this time of year, but so far the figures are grim – and people who’ve already bought are protesting against price cuts

In Beijing, homes that went for an average of around 4,000 yuan (US$580) per square metre in 2003 are now above 60,000 yuan (US$8,600) a square metre.


Source: SCMP

https://www.scmp.com/news/china/society ... rices-drop
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby behappyalways » Fri Oct 19, 2018 6:55 am

2018.10.14【文茜世界周報】廈門水藍天青 吸引投資客進駐
https://www.youtube.com/watch?v=mWlE1Nd ... -pKgdwMSAU
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Tue Nov 06, 2018 1:32 pm

China’s property bear market to continue with sentiments deteriorating in coming months, say analysts

Contracted sales of China’s top 100 developers in October have slowed by 10.5 per cent from September, the slowest pace in four months

Beijing has stressed it will not relax curbs

Source: SCMP

https://www.scmp.com/property/hong-kong ... sentiments
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Wed Nov 07, 2018 8:13 am

Hong Kong investors face 5-10 per cent correction in prices of homes in China’s ‘Greater Bay Area’

Demand in city for residential property in integrated economic and business hub has reduced over the past two months

Prices in cities such as Shenzhen have already started to drop

Home prices in this region have skyrocketed over the past two to three years.

Frenetic home buying lifted prices amid expectations that improved transport links would cut travel time between Hong Kong and the other Greater Bay Area cities to only an hour, as part of a “one hour living circle”.

“[Home prices] rose by as much as 50 per cent in the past two to three years”.


Source: SCMP

https://www.scmp.com/property/hong-kong ... ices-homes
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Fri Nov 09, 2018 3:00 pm

A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes

Source: SCMP

https://www.scmp.com/business/china-bus ... ivalent-50
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Mon Nov 12, 2018 8:18 am

CHINA PROPERTY: IF THEY TELL YOU IT’S A BEAR MARKET, IT’S BULL

Far from falling prices, the real problem for China’s leaders is how to stop the market overheating
Who writes these headlines anyway?

BY TOM HOLLAND

So far this year, nationwide average selling prices have climbed by 15 per cent to a record high.

Since early 2015, prices in China’s so-called “tier two” cities, which include Chongqing, Qingdao, Xiamen and the like, have risen by 34 per cent.

Over the long run, the government has targeted an annual increase in housing prices of between 7 per cent and 10 per cent.




Source: SCMP

https://www.scmp.com/week-asia/opinion/ ... t-its-bull
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