20 Mar '14, 7am

CHINA IN BIGGEST RECESSION @CNBCTV18Live @ndtv @ETMarkets @WSJIndia @ReutersIndia @NewYorkObserver @cnnbrk

A growing number of wealthy Chinese are rushing to sell their luxury homes in Hong Kong, with some even offering big discounts for a quick sale, on the back of a looming liquidity crunch on the mainland, stated media reports. These same cash-strapped sellers were blamed for the skyrocketing property prices in Hong Kong, where they accounted for 43 percent of new luxury home sales in Q3 2012, prior to the introduction of a tax hike on foreign buyers. The selling frenzy emerged after property prices were predicted to decline by 10 percent this year as rising borrowing costs and higher tax dampen demand. In addition, China also saw tighter credit conditions. Concerns of a growing financial risk heightened following reports that a Chinese developer, which owes 3.5 billion yuan, is at risk of bankruptcy. “Some of the mainland sellers have liquidity issues - say, their companies...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

#China #Bubble update - Chinese in rush to sell...

propertyguru.com.sg 20 Mar '14, 7am

A growing number of wealthy Chinese are rushing to sell their luxury homes in Hong Kong, with some even offering big disco...

JLL again No.1 in region - Property Auctions Ne...

propertyguru.com.sg 21 Mar '14, 9am

Over the past year JLL has added 15 regional experts to meet the rising demand from cross border investors, with 2013 bein...

Economists foresee slightly slower growth - Pro...

propertyguru.com.sg 20 Mar '14, 3am

Singapore’s GDP is forecasted to grow 3.8 percent in 2014, according to economists in a quarterly Monetary Authority of Si...

Economists foresee slightly slower growth - Pro...

propertyguru.com.sg 20 Mar '14, 7am

Singapore’s GDP is forecasted to grow 3.8 percent in 2014, according to economists in a quarterly Monetary Authority of Si...

#GlobalREBubble #Singapore #UKREBubble 'UK Prop...

propertyguru.com.sg 20 Mar '14, 2am

Overseas property buyers and investors who use companies to make their U.K. property purchases were targeted in yesterday’...

Huge buzz surrounding upcoming launches - Prope...

propertyguru.com.sg 18 Mar '14, 6am

The preview phase for The Santorini condominium (pictured ) at Tampines Avenue 10 is expected to begin this week, while it...

Huge buzz surrounding upcoming launches - Prope...

propertyguru.com.sg 18 Mar '14, 4am

The preview phase for The Santorini condominium (pictured ) at Tampines Avenue 10 is expected to begin this week, while it...

Rise in new private home sales - Property Aucti...

propertyguru.com.sg 17 Mar '14, 6am

New private home sales increased by around 22 percent during February to reach 724 units, according to public data publish...

More Taiwanese on the lookout for Japan propert...

propertyguru.com.sg 18 Mar '14, 10am

ECG Group CEO Dato’ Eric Cheng said, “Taiwan is a strong market and their buying power is highly noteworthy making them id...

Sellers of rare flats may use loophole - Proper...

propertyguru.com.sg 17 Mar '14, 3am

Anxious sellers of rare units may use a loophole in new housing board rules given the limited number of similar transactio...

Prefab building may compromise home's uniquenes...

propertyguru.com.sg 18 Mar '14, 6am

Despite the productivity gains, some developers are anxious that using prefabrication technology may compromise the unique...

China home sales drop amid property tightening ...

propertyguru.com.sg 14 Mar '14, 8am

Home sales in China fell during the first two months of 2014 as local government measures aimed at moderating property pri...

ECG Property is on the news!

propertyguru.com.sg 18 Mar '14, 10am

ECG Group CEO Dato’ Eric Cheng said, “Taiwan is a strong market and their buying power is highly noteworthy making them id...

56 S'pore firms shortlisted for property awards...

propertyguru.com.sg 14 Mar '14, 8am

Singapore property players have had a strong showing with 56 shortlisted firms for the prestigious 2014 Asia Pacific Prope...

Rise in Singapore new private home sales in Feb...

propertyguru.com.sg 17 Mar '14, 5am

New private home sales increased by around 22 percent during February to reach 724 units, according to public data publish...