News

Mar 22   StandardChartered Bank estimates China's non-FDI capital outflows fell to USD 47billion in February from USD 143billion in January

Mar 15   Japan central bank will maintain its monetary policy steady, leave negative interest rate policy unchanged. 

Mar 14   Standard and Poor's and Fitch Ratings maintained Hong Kong credit rating outlook at stable.  Mar 12  Moody's Rating agency downgraded Hong Kong long term debt credit rating outlook to negative. 

Mar 10    New Zealand central bank announced to cut interest rate by 25 basis points to a record low of 2.25%, citing weaker growth in emerging markets, slower growth in Europe, and remaining low commodity prices. Domestically, the dairy sector faces difficult challenges, but domestic growth is expected to be supported by strong inward migration, tourism, a pipeline of construction activity and accommodative monetary policy, the central bank noted.

Mar 4   Hong Kong’s luxury homes remain the second most expensive in the world in 2015. The report said China tops the largest billionaire population in Asia in 2015 while Shanghai tops in Asia on prime residential price annual growth in the year. 

Mar 3    Singapore's Purchasing Managers' Index (PMI, a manufacturing activity measurement) stood at 48.5, down from 49.0 in January, according to the data released by the government. Nikkei/Markit measurement put it at 51.6, down from 52.5 of Janurary. A reading above 50 generally indicated the manufacturing is expanding, while a reading below that indicates a contraction.  

Mar 2    Number of sale and purchase agreements of all building(residential and non-residential) units in Hong Kong recorded big fall in February, according to latest data released by the land authority. Number of sale and purchase agreements of all building units in Hong Kong dropped to 2,583 transactions in February from 3,123 in January. Total transaction number was 8,060 of February in 2015 and 3,987 in February 2014. 

Mar 1    China's February manufacturing PMI (purchasing managers’ index), a gauge of the nation’s manufacturing activity, fell to 49.0 from 49.4 of January, according to the data released by the government statistics bureau. But economists cautioned that seasonal factors can affect the figures in February, as most factories in the country closed for more than a week for the Lunar New Year holiday. A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below 50 refers to a contraction. China yesterday announced to cut banks reserve ratio by 0.5 percent, effective from today

 Feb 27      Sun Hung Kai Properties reported interim net profit attributable to shareholders retreated 5 percent year on year to HKD 14.73 billion(UDS 1.8 billion) for the six months ended 31 December 2015 .Underlining profit attributable to shareholders rose 9.9 percent year on year to HKD 9.29 billion(UDS 1.19 billion). The company proposed an interim dividend of HKD1.05(USD 13.5 cents) per share. Company directors were positive on its project sales in the mainland China while downgraded sales target of property sales in Hong Kong SAR by 10-15 percent for the second half of the financial year. 

 Feb 26      China's housing price fluctuates in January among the 70 cities (population more than 1 million) tracked by the government statistics bureau. By year-on-year comparison, new home prices in 45 cities dropped with maximum drop level of 4.9%; 25 cities recorded price hike with maximum hike level of 52.7% when compared with same month of January of a year ago.

 Feb 25     South Korean Government announced to hand license to Connecticut-based Mohegan Sun Properties along with partners KCC Corporation and Incheon International Airport Corp (IIAC) to develop a first-of-its-kind Casino integrated resort at Incheon International Airport, making an entry to gain a slice of share in the Asia's growing gaming market

 Feb 25      Galaxy Entertainment reported full year net profit went down 60% year on year to HKD4.2 billion(USD541 million), after taking HKD 1.2 billion of non-recurring charges.

 Feb 25       City Development net profit for 2015 inched up to SGD773.4 million(USD548 million) from SGD769.6 million a year ago despite revenue dip 

 Feb 23      New World Development reported interim revenue rose 25% for 2015 while net profit down 37.8% to HKD 4.49 billion(USD 578 million) on RMB devaluation during the  interim financial year ended December 31st.

Q2 2016

 

 

May 2016

 

May News Property Markets

 

May News Macro and Markets

 

 

April 2016

 

April News Property Markets (New)

 

April News Macro and Markets (New)

 

Property Market Cooling Measures Taking Effects in China's Tier-1 (New)

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