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Property prices hike 9.3% last month

Business | Real estate
2010-9-10

CHINA'S urban property prices climbed in August although the pace was slowing due to the effect of rein-in measures imposed by the central government in April. Real estate prices in 70 major cities on the Chinese...

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Record price for Pudong parcel

Business | Real estate
2010-9-9

A LAND parcel adjacent to Little Lujiazui in the Pudong New Area became the most expensive residential plot in Shanghai after being acquired yesterday by a Hong Kong developer at a price of 35,490 yuan (US$5,219) per...

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New home sales rise as impact of curbs abates

Business | Real estate
2010-9-7

HOME buying momentum continued to rebound in Shanghai last week amid diminishing effects from the central government's tightening policies. Sales of new homes, excluding those designated for relocated residents...

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Star-studded PE fund

Business | Real estate
2010-9-7

STAR Capital, a real estate private equity fund formed by major Chinese private enterprises, was launched yesterday in Shanghai with an initial capital of 5 billion (US$737 million) yuan. The fund, whose largest...

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Vanke property sales post record

Business | Real estate
2010-9-4

CHINA Vanke Co's property sales more than doubled from a year earlier to 11.99 billion yuan (US$1.76 billion) in August, a record monthly high for Chinese real estate developers, the firm said yesterday. Sales...

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Vanke sets home sales record in August

Business | Real estate
2010-9-3

CHINA Vanke Co reported today its August sales more than doubled from a year earlier to 11.99 billion yuan (US$1.76 billion), a monthly record for Chinese property developers. Vanke's August revenue was a 42 percent...

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Plan seeks to improve housing statistics

Business | Real estate
2010-9-3

CHINA will conduct research on the vacancy rate of houses in some cities as part of an effort to collect information and improve methodology for drafting future policies, a senior government official said yesterday. ...

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Developers snapping up land

Business | Real estate
2010-9-3

LAND acquisitions almost quadrupled in Shanghai in August as real estate developers expanded their land banks in a little less overheated market. A total of 24 parcels, covering 1.2 million square meters, were...

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Prices for existing homes in third monthly fall

Business | Real estate
2010-9-3

SHANGHAI'S existing house index fell for the third consecutive month in August but recovering buyer momentum was detected. The index, which monitors price fluctuations of existing homes across the city, lost 8...

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Sales of new homes sparkle

Business | Real estate
2010-9-2

NEW home sales rebounded notably in Shanghai last month with volume and price climbing as buying sentiment recovered. Sales of new homes, excluding those designated for relocated residents under urban redevelopment...

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US home prices gain on burst of buying

Business | Real estate
2010-9-1

HOME prices in the United States rose in June for a third straight month as now-expired tax credits inspired a burst of home-buying. But prices are expected to fall through the rest of the year now that demand has...

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HK land auction draws high price

Business | Real estate
2010-9-1

HONG Kong sold a piece of land yesterday at a price that was a third above forecasts, indicating that the city's property sector could still be frothy even after cooling measures were announced weeks ago. The...

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New homes launched for sale

Business | Real estate
2010-9-1

NEW homes in 48 projects, most located in the city and some in neighboring areas, are due to be released this month as the traditionally high season for home purchases began. Some 60 percent of the new supply,...

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Property sector curbs

Business | Real estate
2010-8-31

SINGAPORE moved yesterday to discourage short-term speculative real estate investing as property prices soar to record highs amid a rapid economic recovery. Bank loans for second homes will now be limited to a...

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Bourse reprimands firm for failure

Business | Real estate
2010-8-30

SHANGHAI New Huangpu Real Estate Co has been reprimanded by the Shanghai Stock Exchange for its failure to disclose its intention to take over a Shenzhen real estate company earlier in the year. New Huangpu paid...