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  1. Centaline sees red as sales hit wall

    Posted Feb 04th 2006, 12:00am by Peggy Sito

    ... Peggy Sito Overexpansion and shrinking transaction volumes left property agencies in the red in the fourth quarter of last year, according to the chairman of Centaline (Holdings). Shih Wing-ching said the group's property agency faced a 'significant' loss in the quarter as commission income fell sharply. The group owns Centaline Property Agency, one of the biggest ...

  2. Property sector will be hit by smoking ban, says agency

    Posted Feb 08th 2006, 12:00am by Patsy Moy

    ... of the research department of Centaline Property Agency, said competition from Macau and the mainland was causing the catering and entertainment industries to shrink. 'The [pending] smoking ban ... biggest estate agencies said property prices could plummet as bars and restaurants lost business and closed because of the ban. But the chief of another big agency disagreed, saying entertainment ...

  3. New investment rules on property too vague: experts

    Posted Jul 25th 2006, 12:00am by Staff Reporter

    ... But academics and property agents in main cities said they believed their impact would be limited. Andy Lee Yiu-chi, general manager of Centaline China's Shenzhen branch, said many aspects ... fever for building expensive properties and help stabilise the whole market,' said Shi Hongrui, general manager of the Hong Kong-funded Shanghai Hanyu Property Agency. But academics ...

  4. Savoy Court owners plan sale

    Posted May 24th 2006, 12:00am by Yvonne Liu

    ... of last year. Terence Tong, a director at Centaline Property Agency, is one of the residents at Savoy Court. 'The residents' committee has held a meeting on the issue. Some of the owners are interested in selling the flats jointly,' he said. 'The committee discussed appointing Centaline to handle the tender a few months ago. But we have to wait until all of the owners agree ...

  5. Mainland curb lifts villa prices

    Posted Apr 12th 2006, 12:00am by Sandy Li

    ... to property consultants. Michael Choi Ngan-min, chairman of Land Power International, said the growing demand for luxury villas was helped by the increasing number of affluent people in the city, keen ... afford to buy pricy properties,' he said. Hong Kong buyers were also interested in the sector, agents said. The villa market turned buoyant two years ago following the mainland ...

  6. ICAC arrests property agents

    Posted Oct 18th 2006, 12:00am by Clifford Lo

    ... of the agency, Centaline, a source said. Documents have also been seized. The arrests involved senior executives and frontline agents of the property giant, said a source. Last night they were still ... continuing,' the source said. Shih Wing-ching, chairman of Centaline Property Agency, yesterday confirmed some staff members were assisting the ICAC to investigate a bribery case. He said its staff may ...

  7. Agencies feel the pressure of further austerity measures

    Posted Nov 08th 2006, 12:00am by Yvonne Liu

    ... Yvonne Liu Drop in transaction volumes after central government imposes more restrictions has forced many to close branches and others to consolidate Property agencies in the mainland have ... Tie Leung, has closed all four branches in Shanghai's Pudong district. In Beijing, major property agencies including Golden-keys, Wo Ai Wo Jia and Lian Jia have reduced their branch ...

  8. Run-up to reit flotation sees sharp rise in property sales

    Posted May 04th 2006, 12:00am by Sandy Li

    ... transaction value came from Citibank Plaza in Central, which is solely held by Great Eagle's listing candidate Champion Reit. According to Centaline Property Agency, six sale-and-purchase agreements worth $22.67 billion were recorded at Citibank Plaza last month. Excluding the transacted value of Citibank Plaza, Centaline said property sales rose just 1.9 per cent to $25.83 billion ...

  9. NWD plans agency business

    Posted Oct 25th 2006, 12:00am by Sandy Li

    ... phases one and two of Beijing New World Centre and New World Courtyard Hotel. Construction work for Beijing New World Garden is also under way. Unlike Centaline Property Agency and Midland ... disclosing a date for their official openings. The group's property agency would not be involved in the primary market, said the sources. As the group has its own marketing and sales team ...

  10. New curbs on China property investment

    Posted Jul 25th 2006, 12:00am by Cary Huang

    ... for the overheating of the property market. But Ma Ji, a researcher at property agency Centaline China, said the measures were mild. 'I think the new regulations are moderate. Their impact on strong ... investment in the property sector after concerns that overseas 'hot money' has fuelled market speculation. The extent to which Hong Kong people are affected by the new regulations, jointly ...




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