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  • November 22, 2014
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  1. Chinese Estates cuts Peak house prices in sale to Lau

    Posted Aug 31st 2004, 12:00am by Peggy Sito

    ... Peggy Sito Four houses on the Peak sold by Chinese Estates Holdings to its majority shareholder Joseph Lau Luen-hung had originally been priced at $500 million, at least 30 per cent higher ... The revised sale price of the four houses translates into an average of about $28,000 per square foot, based on a floor area of 13,600 square feet as listed in the company's annual report. ...

  2. Ex-housing chief backed lower price in estate sell-off

    Posted Jul 21st 2009, 12:00am by Peter So

    ... the government nominating a developer to buy the entire housing estate and resell it to individuals. Snakes and ladders The Executive Council set the bottom- line price of HK$1.15 billion in 2003 ... Peter So Former housing director Leung Chin-man yesterday said he had suggested to his boss in 2003 that the Hunghom Peninsula housing estate be sold at almost HK$300 million below ...

  3. Bold pricing puts houses near the border into luxury league

    Posted Dec 15th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Two big developers are confident they can find buyers for their spacious, low-rise residential projects in Sheung Shui Bold house pricing in the northern New Territories ... The target prices for the projects are set even higher than they are for houses in traditional luxury localities such as Kowloon Tong. 'Houses in Kowloon Tong in good condition can be priced ...

  4. Housing chief defends cut-price flats sale

    Posted Feb 11th 2004, 12:00am by Chloe Lai

    ... for the government but left unsold to help stabilise property prices was not sold back to its developers too cheaply, the housing chief insisted yesterday. Secretary for Housing, Planning and Lands Michael ... However, Mr Suen said the deal meant the Housing Authority- which under the original scheme guaranteed to buy back all units at a pre-set price to sell them as subsidised housing- would save $1.9 ...

  5. Village houses attract more buyers amid rising prices

    Posted Aug 11th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu With property prices in the city rising to their highest levels since 1997, village houses may be a better option for those seeking a better of quality of life but have ... a village house, which is cheaper and has a high efficiency rate of 90 per cent.' In the luxury residential market, the price differential between private housing and village houses ...

  6. House on The Peak fetches record price

    Posted Mar 17th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu A listed electronic components manufacturer yesterday bought a house on The Peak for HK$60,215 per square foot, making it the most expensive home in Hong Kong in terms of price ... purposes. The three-storey house has a gross area of 4,650 square feet and offers Victoria Harbour views. The price exceeded the previous record set by house No2 in the same development, which sold ...

  7. Peak price expected as bank puts guest house up for tender

    Posted Dec 01st 2004, 12:00am by Peggy Sito

    ... 'We see a surging property market this year,' Mr Fong said. 'The market for luxurious flats is doing exceptional well, with prices of detached houses touching a high of $25,000 per sq ft.' A house at 28 Gough Hill Road with a total floor area of 5,983 square feet recently sold for $138 million, or an average price of more than $23,000 per sq ft. ...

  8. Beijing bid to cool property prices ignored

    Posted Dec 31st 2009, 12:00am by Sandy Li

    ... make money myself. I can't be bothered by noises by Chinese officials about housing price controls. All I know is there's money to be made in Shenzhen.' Like Ho, many other ... prices, and to the spate of recent warnings to adopt more control measures. This seemingly irrepressible optimism is bolstered by an average rise of 30 per cent in housing prices since January ...

  9. What price stability?

    Posted Sep 15th 2008, 12:00am by James Dorn

    ... James Dorn The US Treasury's takeover of Fannie Mae and Freddie Mac, the nation's largest mortgage financers, was predictable. The drive for profits while housing prices were ... securities. Now that the asset price bubble in housing is being deflated and Fannie and Freddie's capital is shrinking, the Fed is compelled to come to the rescue in order ...

  10. Funky house on The Peak going for HK$240m

    Posted Oct 30th 2009, 12:00am by Staff Reporter

    ... design was done by international brand Ferragamo, part of the reason it has an asking price of HK$240 million. The house is sitting in the 'best position' of the whole housing estate, ... and a karaoke room. Midland Realty, agent of the house, predicts that the house will fetch the asking price, as another house at Severn 8 of the same size was sold for HK$240 million recently. Tong said ...




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