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  1. Verdict good for property sector, says Centaline chief

    Posted Jun 04th 2008, 12:00am by Staff Reporter

    ... faced intense pressure from unscrupulous buyers to offer advantages, their boss said yesterday. Centaline Property Agency chairman Shih Wing-ching said the offences had arisen from low awareness ... on something that they commonly did.' Solicitor and legislator James To Kun-sun explained it was illegal for a party to the transaction to accept advantages from the property agency because ...

  2. Centaline ex-official admits to kickbacks

    Posted Apr 15th 2008, 12:00am by Staff Reporter

    ... Yvonne Tsui A former director of Centaline Property Agency admitted offering more than HK$1.6 million in kickbacks to a manager to secure deals on three properties, a court heard ... advantages, by having offered HK$1.68 million in commissions to Ho Wai-jon, general manager of Li & Fung (Trading), for Ho requesting Centaline to handle three property transactions. Prosecutor Ho ...

  3. Centaline adjusts outlook on Fed move

    Posted Jan 24th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Average property prices in the secondary market might edge closer to the 1997 peak this year as borrowing costs continue to decline, Centaline Property Agency said yesterday. ... 3.5 per cent in the first half of this month,' he said. 'We expect property prices will go up 30 per cent this year.' Ken Lee Yuk-cheung, senior sales manager at Centaline ...

  4. Centaline boss gives HK$5b in shares to foundation for poor

    Posted Feb 17th 2008, 12:00am by Chloe Lai

    ... China's biggest property agency and a free tabloid newspaper, am730, estimates the shares, worth HK$5 billion, will generate several hundred million dollars a year. The shares represent 45 per ... market are widely published, also plans to give no more interviews on the subject. He has named Sherman Lai Ming-kai, managing director of Centaline (China) Property Consultants, to head ...

  5. Golden week loses shine for developers

    Posted May 14th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu The golden week national holiday in early May is no longer a golden time for developers to sell their properties, say agents. According to Li Wenjie, general manager of Centaline (China) in Beijing, transactions in the primary market during the golden week holiday totalled just 30 per cent of the deals done during the same holiday last year. Most developers offered ...

  6. Centaline agents jailed for up to 40 months

    Posted Jun 18th 2008, 12:00am by Staff Reporter

    ... Chandra Wong Three former top sales agents of Centaline Property Agency who conspired to secure deals with more than HK$1.6 million in kickbacks were jailed yesterday for terms ranging ... Former Li & Fung general manager Ho Wai-jon, who accepted HK$800,000 in kickbacks from the property agency, was jailed for 36 months yesterday. The judge said Chan, one of Centaline ...

  7. Centaline boss to rehire fraud trio

    Posted Jun 04th 2008, 12:00am by Staff Reporter

    ... Chandra Wong and Scarlett Chiang The chairman of Centaline Property Agency has vowed to rehire three former top sales agents who were convicted yesterday of conspiring to secure deals ... involving HK$800,000. Chan also admitted that he conspired with the agency's general manager, Poon Chi-ming, 44, and agent Elaine Chan Yee-ling, 41, to deceive Centaline into paying a referral ...

  8. Hundreds to lose jobs in property agencies

    Posted Oct 15th 2008, 12:00am by Peggy Sito

    ... banks' conservative attitudes on valuations and mortgage approvals were further denting the market. Centaline Property Agency chairman Shi Wing-ching, who recently claimed the local property ... because buyers lacked the capital to complete deals. Ricacorp Property, another property agency unit of Centaline Group, is carrying out an aggressive cost-saving plan. Managing director Willy Liu ...

  9. Leasing demand to underpin sales

    Posted Sep 03rd 2008, 12:00am by Sandy Li

    ... price cuts at the moment even though the market has turned quiet,' said Simon Lee Wai-ling, an assistant associate director at Centaline Property Agency's Discovery Bay branch. Since ... prices,' Mr Lee said. According to Centaline Property Agency, a 2,099 square foot house at 50 Headland Drive sold for a record HK$28 million or HK$13,340 per square foot early last month (see main ...

  10. Secondary transactions drop 20pc on weather and poor sentiment

    Posted Jul 02nd 2008, 12:00am by Sandy Li

    ... seekers away, according to agents. Ricacorp Properties and Centaline Property Agency said the number of transactions in the secondary market was down 20 per cent compared with the previous ... such as Taikoo Shing fell 3 to 4 per cent and 3 to 5 per cent in Whampoa Garden in Hunghom. Louis Chan Wing-kit, executive director at Centaline Property Agency, said on Monday fewer transactions were ...




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