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27.08.25 - 09:00
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CR Land, Sunac post better interim results in signs of property recovery (SCMP)
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China's embattled property market is showing signs of a tentative recovery, as some developers posted stronger earnings and reduced losses, supported by government stimulus measures and recovering consumption.
China Resources Land's first-half net profit increased by 16.2 per cent from last year to 11.9 billion yuan (US$1.66 billion), according to the state-owned developer's statement on Wednesday. Sales rose 20 per cent to 94.9 billion yuan.
Sunac, one of China's largest privately owned......
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27.08.25 - 07:12
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Hong Kong home prices hit 7-month high in July as market shows signs of recovery (SCMP)
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Hong Kong's lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city's residential property market may have turned a corner.
A widely watched official index of secondary home prices gained 0.42 per cent month on month to 387.9 in July, according to data from the Rating and Valuation Department on Wednesday. It was the index's highest level since 289.2 in December.
Secondary home prices have increased 1.05 per cent since April, narrowing this......
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27.08.25 - 02:30
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San Francisco Has A Black Market For Housing... That′s As Bad As It Sounds (ZeroHedge)
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San Francisco Has A Black Market For Housing... That's As Bad As It Sounds
Authored by Chris Calton via Mises.org
The owners of three single-room occupancy (SRO) hotels in San Francisco's Chinatown recently settled a lawsuit with the city, agreeing to pay a hefty fine of more than $800,000. Among their alleged crimes was that they “illegally converted, combined or added unauthorized housing units” to their properties.
The allegations expose something that should be humiliating for San Francisco: the development of a black market for housing.
The lawsuit was not San Francisco's only effort to combat the underground housing market. In recent years, to name a few examples, the city sued a man for cramming 15 tenants into a three-bedroom home and fined a developer $1.2 million for constructing an apartment complex with triple the residential units that city planners had approved.
Even Jack “Ziz” LaSota—leader of the Zizians, a cult-like group of transgender vegan programmers li...
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27.08.25 - 01:06
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Australian ′Experts′ Propose Tax On Spare Bedrooms To Ease Housing Shortage (ZeroHedge)
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Australian 'Experts' Propose Tax On Spare Bedrooms To Ease Housing Shortage
In a brainstorm that has leftist central planners around the world salivating, an Australian market analytics firm has proposed that the country start imposing a tax on spare bedrooms. The aim: To ease the country's housing shortage by incentivizing those who have more housing than they "need" to sell and downsize.
Cotality Australia notes that 61% of the country's households comprise just one or two people, yet the housing stock is dominated by three- and four-bedroom homes. Cotality says that, to "fix" this discrepancy, "governments could make it more expensive to have more housing than you need, and cheaper to live in smaller housing."
Cotality Australia's Eliza Owen thinks government should hit Aussies with extra tax for having more bedrooms than they really "need"
“It's perfectly acceptable and desirable for people to have spare bedrooms, [but] you could ask them...
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26.08.25 - 15:21
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US Home Prices Plunge For 4th Straight Month In June (ZeroHedge)
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US Home Prices Plunge For 4th Straight Month In June
Home prices in America's 20 largest cities fell for the 4th straight month in June (the latest data available from S&P CoreLogic's Case-Shiller data released this morning).
The 0.25% MoM drop was larger than expected and dragged the YoY price growth down to +2.15% - the weakest since July 2023...
Source: Bloomberg
"June's results mark the continuation of a decisive shift in the housing market, with national home prices rising just 1.9% year-over-year—the slowest pace since the summer of 2023," according to Nicholas Godec, S&P Dow Jones Indices.
"Looking ahead, this housing cycle's maturation appears to be settling around inflation-parity growth rather than the wealth-building engine of recent years"
San Francisco, LA, and DC contributed the most to the MoM decline in prices while New York and Chicago contributed to the upside.
On the bright side, given the shift lower in mortgage rates in recent weeks, we may see pr...
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26.08.25 - 14:06
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Swire Properties′ Chai Wan project priced at 11-year low for Eastern district (SCMP)
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Swire Properties has priced the first 120 units of a new residential project in Chai Wan at an average of HK$17,565 (US$2,249) per square foot, an 11-year low for Hong Kong Island's Eastern district, according to agents.
The price list, released on Tuesday, covers more than a fifth of the 592 units in the second and third towers of the Headland Residences.
“We are encouraged by the strong market interest shown in this premium development since we introduced the sales gallery for viewing last......
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26.08.25 - 08:12
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Trump moves to fire Fed governor Lisa Cook after mortgage fraud allegation (The Guardian)
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Departure of Cook, first Black woman to sit on central bank's board, would allow US president to put forward a replacementDonald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president's attack on the central bank's independence.Trump wrote to Cook on Monday, telling her that he was removing her from her position “effective immediately” based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. Continue reading......
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