Almost forgot about this counter. Free float 14% , hope The Zhongs privatize it and bail the minorities out .
Despite all the cooling measures ,Yanlord still doing fairly well.
(One-lot investor )
This is not S chip , contrary to many have thought . It is a true blue Spore incorporate company but will still be affected but the bad sentiment created by the S chips.
(Reuters) - Most Chinese cities have relaxed home purchase restrictions and more measures to prop up falling prices are expected as local governments seek to support a key pillar of the economy.
Nanjing, a city in eastern Jiangsu Province, abolished on Sunday restrictions that limit the number of homes that residents can buy, the local government said on its website.
This means that 40 of 46 regional Chinese governments that had imposed home purchase limits have relaxed the curbs this year, shoring up support for a slowing property market that many analysts believe poses the biggest risk to China's economy.
New home sales in city increase
By Cherry Cao | September 23, 2014, Tuesday | Print Edition
BUYING sentiment for new homes rebounded in Shanghai for the second straight week despite a steadily subdued market, latest data showed.
The sales of new residential properties, excluding government-subsidized affordable housing, rose 5 percent week on week to 173,900 square meters during the seven-day period that ended on Sunday, Shanghai Deovolente Realty Co said in a report yesterday.
The rather mild increase was mainly fueled by comparatively strong demand in the high-end segment, which helped push up the average cost to a nine-week high of 27,800 yuan (US$4,527) per square meter, representing a jump of 11.3 percent from the prior week, according to Deovolente data.
Sales of luxury houses priced at 50,000 yuan per square meter and above, for instance, reached 70 units last week, an increase of 18 from the previous week.
Shanghai banks to ease lending for home buyers
By Feng Jianmin | September 24, 2014, Wednesday | Print Edition
THE Shanghai branches of some banks said they are planning to relax housing loan measures to home buyers who have no outstanding mortgages.
The branches of the Agricultural Bank of China, the Industrial Bank, Shanghai Pudong Development Bank, and China Construction Bank said they have received notices to relax mortgage policies, bank sources and customer service staff said yesterday.
A source with AgBank confirmed the lender may offer a benchmark lending rate to buyers who have paid off their mortgages and now don’t have a home registered under their names in Shanghai.
These buyers were previously not seen as first-home buyers and had to pay higher rates or not eligible to get mortgages from banks.
The original rule stated that a buyer of a second home, with or without a mortgage, was subject to a 70 percent minimum down payment and had to pay a mortgage rate of 10 percent or more above the benchmark lending rate.
The minimum down payment require
China eases home purchase restriction
Source: Xinhua | September 30, 2014, Tuesday | Online Edition
CHINA'S central bank announced on Tuesday that buyers of a second home will be able to enjoy a lower down payment as first-time home buyers, in the country's latest effort to meet the reasonable demand for home loans amid a cooling property market.
Chinese citizens who wish to buy a second home, will be able to enjoy the same 30 percent down payment requirement as first-time home buyers if they have fully repaid their previous mortgage loans, according to the announcement jointly made by the The People's Bank of China and the China Banking Regulatory Commission.
Prior to the announcement, purchase of a second home in Chinese cities will require buyers to place at least a 60 percent down payment.
I boarded this ship , any friends here are on this ship also ?
Believe all the degative news should have been digested by now.
We only hear the good news now. 90.5
Junior Wee should be back to buy . His gangs have more than 7% and this ticker will be illiquid with their increasing stakes.
Taking private ???
wait kenna "ECS" stealth privatisation.