In order to raise revenue for May Bill de Blasio's affordable housing plan, the city is considering a raise on the tax rate for high end real estate.» Read More
Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.
*Greentown China plunges on profit warning. HONG KONG, Aug 5- Hong Kong and China shares slipped on Tuesday after a survey showed growth In China's services sector fell to a record low, with property developers the main underperformers.
CALGARY, Alberta, Aug 4- Canexus Corp, the developer of Canada's first dedicated oil train terminal, has embraced the crude-by-rail boom with little success so far. The company's Bruderheim terminal, 55 kilometers northeast of Edmonton, Alberta, is one of seven unit train terminals operating or under construction in Western Canada.
HONG KONG/ SHANGHAI, Aug 4- China shares regained momentum on Monday on positive market comments from the country's top securities regulator, while gains in Hong Kong were restrained by weak property developers.
*COGO H1 net profit down 31 pct, cuts FY sales target 22 pct. HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
HONG KONG, July 30- Hong Kong's benchmark index climbed to fresh 3-1/ 2- year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. Hong Kong's property sub-index climbed to a 14- month high with Cheung Kong Holdings and Sun Hung Kai Properties leading the rise.
HONG KONG, July 29- Hong Kong's benchmark index ended at its highest in more than 3-1/ 2 years on Tuesday, as gains accelerated in the afternoon with property developers strong ahead of interim earnings. The Hang Seng Index closed up 0.9 percent at 24,640.53 points, its highest since November 2010.
China's slowing property market tops the list of major economic risks, but some say the sector's stocks are "dirt cheap" and now is the time to buy.
LONDON/ BRUSSELS, July 24- The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natural gas facility.
Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.
SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.
HONG KONG, July 18- China shares were slightly higher on Friday, as outperforming property developers and the consumer staples sector trimmed gains in the afternoon. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.3 percent.
HONG KONG, July 18- China's third largest property developer, Evergrande Real Estate, has joined smaller peers in offering zero-interest downpayment loans, a practice reminiscent of the U.S. housing boom that precipitated the global financial crisis.
China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.
HONG KONG, July 16- China's shadow banking firms slashed lending to property developers in the first half of this year, closing off a crucial funding avenue just as the housing market cools, potentially spelling trouble for the sector and the broader economy.
June's headline 73 percent plunge in Singapore's new home sales may look worrying, but some analysts are pointing the blame at the World Cup.
HONG KONG, July 11- China shares edged up on Friday, lifted by solid gains for carmakers and property developers, which investors expect to benefit from policy changes. On Thursday, Jinan in eastern Shandong province removed restrictions on home purchases, sparking hopes more cities will follow suit.
Rising real estate prices across the U.K. are pushing developers to close pubs and convert their locations to other uses. NBC News reports.
HONG KONG, July 7- China shares finished barely changed on Monday, as weakness in the energy and pharmaceutical sectors offset solid gains from property counters. Property developers extended gains, with the CSI China Mainland Real Estate index up 1.6 percent to its highest since April 14. Poly Real Estate added 2.4 percent.