Apr 4 Total transacted area in Shanghai fell 60.44% in the first week after the property market cool measures taking place, average sale price dropped 3.42% week on week, according to data released by the local property agency. In the meantime, cities surrounding the tier-1 cities, transactions jumped up.
Apr 1 The private residential property index in Singapore fell 1.0 point to 140.6 points in the first quarter 2016, according to government land redevelopment authority. Prices of non-landed private residential properties rose by 0.4% in the first quarter in CoreCentralRegion(CCR) while prices of those in Rest of Central Region (RCR) declined by 0.4%. Prices of those in Outside Central Region (OCR) declined by 0.9%, after registering no change in the previous quarter.
Mar 28 Resale prices of non-land private homes in Singapore inched up 0.4% month on month in February, according to Singapore Residential Price Index (SRPI) compiled by the National University of Singapore. Prices of homes in the central region, excluding small units, rose 0.5% from the previous month. Prices of small units, which have a floor area of 506sqf or below, fell 1.1% in February from a month ago.
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 8 China's exports fell 20.6% in February when compared with a year ago, while imports dropped 8% during the same time period, leaving a trade surplus of RMB 209.5 billion for the month. For the first two months altogether, exports declined 13.1% to RMB1.96 trillion, imports shrank 11.8% to RMB 1.35 trillion. First two-months total, iron ore imports volume rose 6.4% y-o-y with average purchasing price 33.3% lower, crude oil imports increased 9.3% by volume with lower average price
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.
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.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.
Feb 22 HSBC recorded annual earnings before tax for the financial year of 2015 reached USD18.8 billion, with 83.5% of it generated from Asia. The banking group at the same time reported net loss, or loss after tax of USD1.33 billion for the last quarter of 2015, quarterly loss before tax was USD858 million.
June News Property Markets
Wheelock Group Increased Shareholding in Wharf amid 1H Profit Rise
Swire Properties Heading to Miami amid Interim Profit Growth
HK's Wharf Holding Net Profits slide amid Core Profits Rise
China Vanke Interim Net Profits Inched Up
CapitaLand Takes Full Ownership of CapitaLand China Development Fund
Please contact BD@asiapropertymarketreview.net
Please contact BD@asiapropertymarketreview.net