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  1. Auction work requires high stamina and knack for entertaining

    Posted Jun 10th 2011, 12:00am

    ... Wong Yat-hei If you are wondering why you can't find a job opening for auctioneers in Hong Kong, that's because they are employed by auction houses in other positions before they pick up auctioning duties. Auctioneers sell different kinds of property at public sales. The most common items are jewelleries, watches, wines and art pieces. Sales may be held for businesses ...

  2. Mainland cities offer fresh lures to developers

    Posted Nov 09th 2011, 12:00am

    ... against declining land sales. Increasing numbers of sites have been withdrawn from auction because of weak bidding, or have failed to reach expected prices as developers slowed acquisitions ... of the initial deposit may increase the interest of developers in bidding for residential sites at government auctions. However, it is the overall sale price that really matters in view of the present ...

  3. UPHILL battle

    Posted Aug 19th 2011, 12:00am

    ... Sandy Poon The government's plans to vastly increase land supply was dealt a body blow in an auction for a luxury site in Sha Tin on August 9, when there was only one bidder ... sqft, which works out to HK$5,332 per sqft, far below market estimates of up to HK$9,000 per sqft. The timing of the auction was unfortunate, falling in the immediate aftermath of Standard & ...

  4. Net auction service for armchair bidders

    Posted May 25th 2007, 12:00am by Dennis Eng

    ... Dennis Eng Christie's is hoping a new online service in Hong Kong will help the international auction house reach out to a new generation of internet-savvy collectors who might feel more comfortable bidding with virtual auction paddles in the privacy of their living rooms. It will launch the Christie's Live service in Asia on Sunday, when it kicks off its Hong Kong ...

  5. $26,000 bachelor basks in auction limelight

    Posted Feb 14th 2004, 12:00am by Nick Gentle

    ... auction last night. 'He went to a gorgeous anonymous bidder,' organiser Heather Riley gushed. Mr Brennan led the field as frenzied women at The Helena May event shelled out $200,000 ... during the second annual charity auction. Bid for a Bachelor offers singles a chance to meet up, have a bit of fun, do a bit for charity and maybe, just maybe, find themselves a partner just ...

  6. Lump-sum rail site bids to boost flat supply

    Posted Jul 06th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Bidders for West Rail sites will no longer have to negotiate separately with the government over land premiums. The change, approved by the chief executive and Executive Council yesterday, is expected to expedite land an ...

  7. Property deals to come under scrutiny

    Posted Dec 05th 2007, 12:00am by Peggy Sito

    ... Peggy Sito Special deals struck between city governments and favoured property developers ahead of public auctions will come under increasing scrutiny on the mainland where regulations outlaw such private negotiations, consultants say. A crackdown on the practice common among second-tier city governments of tailoring auction conditions to suit a pre-selected bidder ...

  8. Reliance on land sales must be minimised

    Posted Sep 28th 2005, 12:00am by Staff Reporter

    ... The first test of the modified land auction system has gone smoothly. Competition among developers for the three sites sold yesterday was keen and prices were at the top end ... land auction for almost a year. Interest was expected to be keen. Developers shrugged off signs of wavering public confidence in the property market, higher interest rates and lax demand. ...

  9. Government should get out of the market

    Posted Jun 23rd 2005, 12:00am by Staff Reporter

    ... There is a need to make the system more transparent, consistent and market-driven. Amendments to the application list system, through which land is put up for auction, were made effective immediately. An auction will now be held when a property developer makes a bid for a site on the list which meets at least 80 per cent of the government's valuation. Previously, the bid had to be at least ...

  10. Still time to nab the stamp of the century

    Posted Dec 18th 2004, 12:00am by Staff Reporter

    ... The highest bid for the 10 lucky number eights stamp we are auctioning for Operation Santa Claus still stands at $88,888.88. Can you top it with four days left of bidding- and give a lucky ... The first-day cover of the rare stamp issue has drawn huge interest in Hong Kong after being donated by Austrian resident Erwin Hardy. Our auction closes at 5pm on Tuesday. Send bids by e-mail with your ...




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