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China markets slip on financials, property shares

admin — Fri, 22 Apr 2011 04:34:44 +0000

HONG KONG (MarketWatch) — Mainland Chinese stocks slipped Friday after rising the previous two days, with financials, property developers and automobile companies among the losers amid lingering concerns that more monetary tightening measures have yet to come. The Shanghai Composite Index fell 0.2% to 3,019.94 and the Shenzhen Composite lost 0.2% to 1,279.28. Citic Securities Co. shed 1%, SAIC Motor Corp. fell 1.4% and Poly Real Estate Group Co. gave up 1.3% in Shanghai, while China Vanke Co. shed 1% in Shenzhen trading. Several regional markets, including the one in Hong Kong, were closed for a holiday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Most Asia Stocks Fall After China Reports Property Measures

admin — Fri, 24 Dec 2010 06:01:11 +0000

Dec. 23 (Bloomberg) — Most Asian stocks declined as developers in China fell after the government stepped up scrutiny of real estate investments to curb rising housing property prices, countering gai

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Kungsleden Acquires Four Properties in Skara for SEK 71 M

admin — Mon, 20 Dec 2010 09:32:37 +0000

STOCKHOLM–(BUSINESS WIRE)–Regulatory News: Through Hemsö, its 50 percent joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ)(STO:KLED) is acquiring four properties for a total purchase price of about SEK 71 m including transaction costs. The property yield is 8.2%. These properties are located in Skara municipality in South-western Sweden and have gross leasable area of 11,800 sq.m. Three of the properties belong to the Skara

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Insurance should be a priority to property owners

admin — Sat, 11 Dec 2010 17:01:13 +0000

To those not affected, it may come as mere news of a fire that has gutted down a property in an estate.

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HCC Insurance appoints new team for Technical Property Division

admin — Mon, 22 Nov 2010 05:57:05 +0000

HCC Insurance Holdings, a specialty insurance group, has appointed Frank Pedicini and Frank Argondizzo to lead the company’s new technical property division based in New York.

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Get a house for $50 or $1.7M at FDIC auction

admin — Sun, 14 Nov 2010 00:47:37 +0000

Hundreds of house hunters and property seekers crowded the Federal Deposit Insurance Corp. auction in Dearborn, Mich., last weekend, finding …

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MDA Lending Solutions Part of TPG Capital Acquisition of MDA Property Information Businesses

admin — Fri, 05 Nov 2010 22:06:04 +0000

WILMINGTON, Del.–(BUSINESS WIRE)–MDA Lending Solutions has been acquired by TPG Capital as part of a larger sale of MacDonald Dettwiler and Associates’ Property Information business that netted MDA approximately $850 million.

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Social Housing Property Selects KABA RezShield™ to Secure Residents

admin — Tue, 02 Nov 2010 18:02:01 +0000

WINSTON-SALEM, N.C., Nov. 2, 2010 /PRNewswire/ — KABA Multihousing has successfully completed the installation of its new RezShield electronic RFID locking system at Chapelview Apartments in Brampton, Ontario. The building consists of six levels of underground municipal and residential parkin

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America’s property market: Home truths

admin — Thu, 21 Oct 2010 16:17:24 +0000

Preventing foreclosures won’t fix America’s housing mess. Encouraging banks to write down mortgages might

AMERICA’S mortgage lenders are again at the centre of a scandal. This time the cause is not the recklessness of their lending, but the sloppiness with which they are dealing with the resulting defaults. Recent revelations suggest that many lenders rode roughshod over legal niceties to push delinquent borrowers out of their homes. Although banks claim the irregularities are minor, “Foreclosuregate” risks becoming a quagmire. Prosecutors across the country have launched investigations. Many politicians (though to his credit not Barack Obama) have called for a moratorium on repossessions.

None of this will help America’s moribund housing market. Tying the process of repossession in yet more knots will make it harder for the market to clear and for house prices to find a floor. Ideally, politicians ought to speed up foreclosure, which in some states can take up to two years. Moving somebody out of his home quickly may sound heartless; but stretching the process out is a bad idea. Would you bother to look after a property you were due to be expelled from? …

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High rents encourage first time buyers to climb the property ladder

admin — Tue, 19 Oct 2010 06:21:39 +0000

The latest Bankwest/Mortgage and Finance Association Home Finance (MFAA) Home Finance Index has showed a record number of first time buyers are looking to their families to help raise a deposit for their home.

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