戴德梁行：今日全球楼市速览(2010.04.07)

10.Demand for small and medium-sized apartments continued to outstrip supply in Shanghai in the 1st quarter of this year, according to a latest industry research. Between Jan and Mar, sales of new homes measuring no bigger than 120 sq m each, excluding those designated for relocated residents under urban redevelopment plans, reached 962,000 sq m, accounting for nearly 53% of new homes sold in the city, according to Shanghai Uwin Real Estate Information Services Co. However, the city's stock of small and medium-size apartments was 1.85 million sq m as of Sunday - or one-third of the city's total new home supply. (Shanghai Daily).

11.Shanghai’s 2 international airports will be connected by a 2 hour subway ride starting Thursday, when Metro Line 2 extends farther east. Shanghai Shentong Group, the subway's operator, said that initial service from Guanglan Rd Station to the Pudong International Airport Station will last from 9am to 4pm. The service time will extend to rush hours before the World Expo starts in May. Metro riders who intend to go to Pudong airport will have to get off first at Guanglan Road Station, the current eastern terminal, and wait at the same platform for a 4 carriage train which will take them rest of the way. That part of the ride, with 8 stops, will take about 45 minutes. (Shanghai Daily).

12.China’s Chongqing municipality, home to about 30 million people, is planning 1 trillion yuan ($147 billion) of spending on infrastructure and property projects to bolster economic growth. The spending covers 323 projects in the southwestern municipality, including construction of the world’s tallest twin towers, according to a Chongqing Economic Times report posted today to the Chongqing government’s Web site. The government will “lead” about two thirds of the spending, which also includes funding for railways, hydroelectric power generation and low-cost housing, according to the report, which cited Chongqing’s economic planning commission. It didn’t give details on the source of the funding. (Bloomberg).

Hong Kong

1.Cheung Kong Holdings has reaped HK$7 billion from selling 800 homes since launching Festival City in Tai Wai. Together with the sale of flats in La Mer in Tung Chung, the developer sold HK$10 billion worth of homes in the first quarter, almost four times more than a year ago, said executive director Justin Chiu Kwok-hung. (The Standard).