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Luxury US project lures rich Chinese

Business | Real estate
2009-11-21

MILLENIUM Tower, an ultra-luxury residential project in San Francisco launched its China marketing campaign yesterday in Shanghai to tap the country's rapidly-growing wealthy segment. The 197-meter, 60-story tower,...

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Surprise Plunge In New Home Construction

Business | Real estate
2009-11-19

CONSTRUCTION of new homes unexpectedly plunged last month, as builders waited to see whether US lawmakers would extend a tax credit for home buyers. The results underscore how much the housing market has been relying...

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Versace raises the price of a penthouse

Business | Real estate
2009-11-19

TOMSON Riviera, Shanghai's most expensive apartment project with an average transaction price of more than 100,000 yuan (US$14,640) per square meter, has teamed up with interior designers Versace Home to offer a 1,000-square-meter...

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SOHO China Beijing complex deal

Business | Real estate
2009-11-19

SOHO China, a leading real estate developer, said yesterday it had acquired a 37-story office and retail complex in Beijing through one of its wholly owned subsidiaries, the second major acquisition by the company...

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Earnings Fall But Home Depot Optimistic

Business | Real estate
2009-11-18

HOME Depot Inc's third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak, the United States' largest home improvement retailer said yesterday. But the company raised its full-year...

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Home sales rise as preferential policies near end

Business | Real estate
2009-11-18

THERE was a rise of about 40 percent in transactions involving existing homes in Shanghai in the first half of November as more sellers and buyers rushed to sign deals. The rise, mainly caused by fear that preferential...

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National housing prices tipped to dip

Business | Real estate
2009-11-17

HOUSING prices in China are expected to fall slightly in the fourth quarter this year as price increases and reduced lending may curb property purchases, the nation's top think-tank said in a report issued in Beijing...

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Sales At Luxury Residential Project Boost City Total

Business | Real estate
2009-11-17

ROBUST sales at a luxury project in Huangpu District pushed the average new home price to a three-month high in Shanghai last week. At the same time, transaction volume dropped significantly amid inadequate supplies. ...

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Hot Property News

Business | Real estate
2009-11-17

LAND values in Shanghai, Beijing and Hangzhou would have the largest potential for growth in the next five years, the nation's top think-tank said in a report yesterday after researching 35 large and medium-sized...

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New home stocks fall to low

Business | Real estate
2009-11-12

THE inventory of new homes fell to a historic low in Shanghai after the supply failed to exceed transactions for 10 consecutive months. By yesterday, the local stock of new houses, excluding those built for relocated...

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Apartment Sets Record

Business | Real estate
2009-11-11

AN apartment in the Tomson Riviera luxury complex in Shanghai set a new price high when it sold for 96.09 million yuan (US$14.07 million) to an unidentified buyer. The 597-square-meter apartment on the 28th floor...

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China home prices head for the roof

Business | Real estate
2009-11-11

CHINA'S urban housing prices rose in October by the largest amount in more than a year as a buying spree played out amid abundant liquidity. Housing prices in 70 major cities jumped 3.8 percent last month, the...

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Poly Real Estate Group Co Property market bounces back

Business | Real estate
2009-11-11

POLY Real Estate Group Co, a leading Chinese listed developer, expects its sales value to increase more than 150 percent in the first 10 months of this year, boosted by the upbeat property market. The southern...

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Freddie Mac loses US$6.3B in 3Q

Business | Real estate
2009-11-7

FREDDIE Mac's losses narrowed to US$6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion. The McLean, Virginia-based company has received...

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City's existing housing index's increase slows

Business | Real estate
2009-11-7

AN insufficient supply and high prices slowed the rise in Shanghai's existing housing index, which climbed for the eighth consecutive month, in October. The index, which tracks price fluctuations of existing homes...