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  1. Tung Chung site fetches HK$3.4b in lacklustre sale

    Posted May 12th 2010, 12:00am by Peggy Sito, Yvonne Liu

    ... Yvonne Liu and Peggy Sito The big hitters of the Hong Kong property scene stayed out of a lacklustre government land auction yesterday, a sign they are waiting on the sidelines to see ... Analysts believed the auction could be a turning point for the market, and revised downwards by 15 to 30 per cent their forecasts of prices at auctions over the next two months. The government ...

  2. End-users return to lift market

    Posted Jun 16th 2010, 12:00am by Peggy Sito

    ... Properties' research department, said: 'The recent good land auction result has improved buying sentiment. 'Those buyers who had visited units for months made up their minds and decided to enter the market.' Last week, the government fetched HK$10.9 billion, or HK$12,540 per square foot (based on the developable gross floor area of 869,000 sq ft), from the third land auction ...

  3. Shanghai's plate auction takes drivers for a ride

    Posted Oct 23rd 2010, 12:00am by Staff Reporter

    ... licences have been dubbed the most expensive steel products in the world. The controversial auction triggered concerns by the central government in 2004, when Huang Hai, then vice-minister ... Speculation heightened recently that the auction system would be phased out after the World Expo closes on October 31. There is even talk of giving free plates to new car buyers. Apart from the furore ...

  4. Research helps collectors avoid rip-offs

    Posted Sep 20th 2010, 12:00am by Staff Reporter

    ... such as the Art Loss Register,' says Pierre Valentin, a partner at international law firm Withers. 'Some auction houses search these registers as a matter of course, but many dealers do not, so ... a pair of 18th century vases at an auction,' Valentin says. 'She was told the vases were original and she paid nearly GBP2 million for them. Doubts were later expressed that the vases ...

  5. Home deals stay low as buyers await measures

    Posted Sep 08th 2010, 12:00am by Peggy Sito

    ... Friday stood at 83.61 per cent of the level in 1997 and were 1.8 per cent higher than a month ago. Buyers were also looking to the coming land auction results, Chan said. Two sites will be put up for auction on September 29. One is a residential site at the junction of Fan Leng Lau Road, Wo Muk Road and Luen Hing Street in Fanling, and the other plot is on Lin Shing Road in Chai Wan. Last ...

  6. Sotheby's braces for big auction

    Posted Apr 03rd 2010, 12:00am by Enoch Yiu

    ... president and chief executive, William Ruprecht, estimates that a Hong Kong auction to run from today until Thursday will generate at least HK$1.3 billion- almost double the HK$691.15 million realised at last April's spring auction. A total of 2,400 items will go under the hammer, including wine, paintings, antique furniture and jewellery. 'With the economic recovery from ...

  7. Easyknit lease dodges cooling measures for Ho Man Tin flat sales

    Posted Aug 17th 2010, 12:00am by Charlotte So

    ... shareholder of Easyknit. That compares with the HK$280 million total development cost of the project. The price list of the apartments will be announced after the auction of two pieces of land in Hung ... for the flats will come after the auction of two sites tomorrow The Ho Man Tin development by Easyknit International will contain at least this many flats: 300 ...

  8. Site on The Peak open for tender

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

    ... The bidder can then apply the Land (Compulsory Sale for Redevelopment) Ordinance to trigger an auction to secure the last property. Stewart Terrace, built in 1949 at 89-95 Peak Road, comprises eight ... Road, sold in a government auction on July 29. Nan Fung Development teamed up with Wheelock Properties to acquire the site for HK$10.4 billion, or HK$32,014 per sq ft, the third most expensive ...

  9. Justices uphold stallholders' acquittal

    Posted Nov 26th 2010, 12:00am by Joyce Man

    ... not to bid against each other at an auction for spaces in a new market. The 17 stallholders were sentenced by a magistrate to jail terms ranging from nine to 12 months for conspiracy to defraud ... in dishonest conduct and were deceiving the FEHD,' he said. 'The FEHD was deceived into believing that this was a genuine and competitive auction.' The government was therefore deprived ...

  10. Record price tipped for auction of luxury Barker Rd site

    Posted Apr 14th 2010, 12:00am by Celine Sun

    ... Celine Sun The sale of a 53,350 square foot Barker Road site on The Peak is expected to push the price of luxury property to a new high when it is sold at public auction next month. ... development. A five-storey apartment building completed in 1981 stands on the site. It accommodates eight residences of about around 3,300 square feet each. The appointed auctioneer, Jones Lang ...




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