戴德梁行：今日全球楼市速览(2010.05.10)

2. Recently listed China SCE Property (1966) said the latest set of curbs in the mainland has affected first-tier cities most and the firm's focus on second- and third-tier cities has left it unscathed. But chairman Wong Chiu-yeung noted the move to ban non-locals from getting mortgages will hit second-tier cities. SCE is asking about 7,500 yuan (HK$8,550) per square meter for homes at its latest project in Quanzhou, Fujian province. The price is not high, Wong said, as flats in Wenzhou, Zhejiang province, another second-tier city, cost around 20,000-30,000 yuan psm. Beijing's latest measures to temper the red-hot property sector is aimed at high-end projects and SCE has sold out almost all its luxury homes, Wong said. The Xiamen-based developer does not intend to follow Evergrande (3333), Greenland Group and Poly in cutting prices. (The Standard)

3. The Haier Group – plans to set up a joint venture with Taiwan's AU Optronics Corp, a leading LCD panel maker, to make LCD TV modules. Haier will hold 70% of the US$7m venture while AUO will hold the rest, said Sun Kunpeng, a publicity official of Haier. The joint venture, temporarily named Qingdao Haier Optronics Co Ltd, is to be built in Haier's industrial park in Qingdao in Shandong Province, where Haier is headquartered, Sun said. (Shanghai Daily).

Hong Kong

1. The latest global credit turmoil and the Hong Kong government's stated intention to crack down on property speculation might put the brakes on bidding at tomorrow's government land sale, say some analysts. Up for auction is a 282,000 square feet waterfront residential site in Tung Chung on Lantau Island that was expected before the latest global financial crisis to fetch as much as HK$4.75 billion. But some analysts have revised their expectations downwards in the wake of the fresh blow to investor confidence caused by the debt crisis in Greece, as well as the decline in sales volume in response to government plan to end rampant property speculation, and alternative and lower-risk sites up for sale. (SCMP)