China Markets Dive on Housing Measures

Beijing’s imposition of new cooling measures for home prices has apparently put a big damper on real estate and construction shares. China’s Shanghai Composite Index CN:000001 -3.65% dipped 3.7%, the worst such fall since way back in 2011. Hit particularly hard, the Hong Kong listings were slammed by China’s cabinet imposing bigger down payments and mortgage rates on some homes. A big capital gains tax on existing homes sales went further in dampening the market.

Asia Stocks Trending Up Even Though Some Investors Cash In

This morning,Asian markets are up on corporate results from Wall Street. China firms have fared well, while Japan stocks dipped on investors their cashing in on three years of good news. Marketwatch Hong Kong reported the overall prospectus as good even with China advancing only 5.3% in 2012, as compared with 25.4% the previous period.

Digital Realty & Savvis Acquire Hong Kong Data Center

In news from Singapore, Digital Realty Trust, Inc. (DLR), a global provider of data centre solutions, along with Savvis, a CenturyLink IT and Cloud solution company (CTL) have announced a joint venture, acquiring a 164,000-square-foot (15,236-square-meter) facility in Hong Kong. The deal highlights Digital Realty’s entrance to the Hong Kong market, building on Savvis’ existing presence. Michael F.

Read More »

RealtyBizNews: Real Estate Marketing & Beyond