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  • November 27, 2014
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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. Government urged to force banks to give loans to businesses

    Posted Nov 03rd 2008, 12:00am by Staff Reporter

    ... Fanny W. Y. Fung The government should pressure or even force banks to lend cash to businesses, a member of the chief executive's new economic taskforce proposed yesterday. Shih Wing-ching, who is also the chairman of Centaline property agency, said reforming rules governing financial institutions would help companies survive the tough economic climate. 'The government ...

  5. Homebuyers rage as developers cut prices

    Posted Sep 24th 2008, 12:00am by Peggy Sito

    ... Centaline (Holdings) chairman Shih Wing-ching said China Vanke was not the only developer facing demands from buyers for refunds or compensation as a result of the price discounting strategies. ...

  6. Big quake raises fears over illegal rooftop shanties

    Posted May 30th 2008, 12:00am by Fox Yi Hu

    ... buildings where top-floor owners have the right to the rooftop directly above them, although they are not allowed to build on the site. Rico Kwok, executive director of Centaline property, said ... rooftop shacks in the city. Property agents say thousands of illegal homes stand on numerous buildings in old neighbourhoods. 'These structures are everywhere,' Raymond Chan, a manager ...

  7. Amid gloom, flat owners cut their asking prices

    Posted Sep 17th 2008, 12:00am by Yvonne Liu

    ... Ricacorp property agency said. The company's research found that prices fell by 7 to 10 per cent in Kornhill, Heng Fa Chuen and Sunshine City in Ma On Shan. In Happy Valley, Tiona Li, senior ... Properties contacted flat owners in Island East to ask whether they would cut their asking prices after yesterday's stock market slump. Patrick Tsang, senior district director at Centaline ...

  8. Shenzhen land bureau unit urges measures to halt drastic fall in sales

    Posted Oct 22nd 2008, 12:00am by Peggy Sito

    ... Peggy Sito The Shenzhen property market is in urgent need of government intervention to arrest plunging sentiment, according to a research unit of the city government's land bureau. The research arm of the city's Bureau of Land Resources and Housing Management on Monday released a report on the property market in the first nine months of this year that highlighted drastic ...

  9. Cut and run

    Posted Dec 06th 2008, 12:00am by Albert Chen, Albert Cheng

    ... by firing employees. One member of the taskforce, Centaline Property chairman Shih Wing-ching, has asked the government to assist the sector if property prices fall by more than 30 per cent. His ... a department store in Sha Tin, a trendy boutique in Central and one property developer all attracted good business when they offered big discounts. The catering trade has introduced a HK$1 campaign ...

  10. Beijing home sales drop 25.2pc as Games suspend marketing efforts

    Posted Sep 03rd 2008, 12:00am by Yvonne Liu

    ... 'Developers continued to offer discounts to buyers while individual flat owners have to cut asking prices to attract buyers,' he said. According to Centaline, property prices in Beijing have ... Yvonne Liu Beijing was full of carnival atmosphere during the Olympic Games, however its property market remained in the doldrums as home sales fell 25.2 per cent last month, the lowest ...




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