HONG KONG: BEFORE THE OPEN, 13Jun2013

Where is Edward Snowden? The CIA whistle blower has gone dark in our fair city. Chief Executive Leung speaks to Bloomberg US on Snowden and China. Civil servants get a pay rise and Hopewell Property pulls the plug on their IPO plans. Here’s what you need to know before the open.

Hong Kong Chief Executive Pledges Property Curbs to Stay

Sing it Leung Chun-ying! 

John Tsang “still a risk of a property bubble”

 

 

 

Let’s see if they can keep the faith, when all their property developer buddies are crying murder.

 

From RTHK:

The Financial Secretary, John Tsang, says the special stamp duty introduced by the government has effectively curbed speculation and cooled the real estate market. But speaking at a Legco panel meeting, Mr Tsang warned that there’s still a risk of a property bubble, because of the low interest rate environment.

HONG KONG: WEEK IN REVIEW, 11May2013

HONG KONG: CLOSING WRAP, 09May2013

Hard slog ahead for HK developers to reach 2012 sales figures

Finally something working to cool down HK real estate.

Hong Kong Business

Lower than SARS

This month residential property transactions are expected to fall below SARS levels. Expected number of transactions is lower than 2,000 and in March 2003 during the height of SARS there were 2,180 transactions.

am730

Slowly but surely property curbs cool Shanghai market

From Shanghai Daily:

“Following an extremely robust sentiment in March, which was triggered by tightening measures announced earlier by the central government to rein in speculation, buying sentiment fell naturally as demand started to ease,” said Chen Zhen, an analyst at the office. “A significant drop in inventory also hampered sales.”

CHINA: CLOSING WRAP, 19Apr2013

CHINA: CLOSING WRAP, 18Apr2013