Inside the Great Wall : Hong Kong/China Property Daily【行业研究】

2014 年 1 月 11 日5740

【研究报告内容摘要】
MOHURD to push remediation on villagesOfficial from MOHURD said the key for village development is to breed thegrowth internally, to provide stable source of capitals for development andconstructions. He think property tax should cover properties in villages,because villages cannot rely on land sales to generate sources of funds asmany lands in are collectively owned, which are cannot be sold. (JRJ)SASAC: Criteria of the transferees cannot be set during SOE assets transfersNotice from State-owned Assets Supervision and Administration Commission(SASAC) pointed out that, for assets transfers, price of the assets cannot belower than the assessed value on the assets. If the price is lower than 90% ofthe assessed value, approvals have to be obtained from related. Moreover,unless it is required by laws or related regulations, it is not allowed to limit thecriteria of the transferees.
Immovable assets registration system in progressAccording to 21CBH, Ministry of Land and Resources (MLR) has beencommunicating with MOHURD and various departments regarding the setupof immovable assets registration and information system. The immovableassets registration includes the property and will be unified into a digitalplatform. The source of 21CBH said that the unified platform could either beled by MLR or a new council setup under MLR. Subsequently MLR will notonly responsible for city property but also rural property registrations. (21CBH)Rents in Beijing recorded slowest growth in the past 4 yearsMedia reported that the rental transactions in Beijing has increased 5.4% Yoyin 2013 with an average monthly rent of Rmb3,738 per unit. The averagemonthly rent increased by 7.4% YoY, which was the slowest growth since2010. The growth in 2010 was 17%. (JRJ)Kerry Properties’ “The Summa” raised ASP by 6%Kerry Properties (0683.HK) has released additional batch of 20 units at ASP ofHK$28,599psf, 6% slightly higher than the previous batch of 50 units. Thedeveloper will launch all the 70 units this Saturday and will keep the originalpromotion up to 15% of the housing price. The price for one unit flat C on 19/fwill be priced at HK$21,162psf after the discount. (Sing Tao)Three residential projects approved for pre-sale consent last month, involving2,338 unitsThere were three residential projects approved for pre-sale consent in Dec2013, involving 2,338 units. It was also the highest monthly approved numbersince July last year. It included CKH’s (0001.HK) “Phase I of Mont Vert”,Henderson Land’s (0012.HK) Phase 2 of Double Cove Starview, and the projecton Lai Chi Kok Road, Sham Shui Po. (Oriental Daily, Sing Tao)

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