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  • July 13, 2014
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  1. Business - China Business

    Business Digest, November 7, 2012

    Posted Nov 07th 2012, 12:00am by STAFF, AGENCIES

    ... Office unit sales hit 19-month high The number of office units sold in Hong Kong last month rose 39 per cent month on month to a 19-month high of 383 deals, according to Centaline Property Agency. The value of the deals in October rose 44 per cent to HK$4.72 billion. Because of a time lag of about four weeks between property sales and registration, Centaline said the figures ...

  2. Business - Companies - BONUSES

    Red-hot property market brings windfall for estate agency staff

    Posted Feb 02nd 2013, 12:00am by Peggy Sito

    ... property agencies, which gave their non-sales staff up to 50 months' salary. Centaline Property Agency gave its staff bonuses of between five and 50 months' pay, depending ... were not available yesterday to disclose its bonuses for last year. However, not all property agencies have been giving out large bonuses. Luke Ng, the chief executive of Century 21st, said its ...

  3. Business - Money - WEALTH BLOG

    Top properties

    Posted Oct 22nd 2012, 12:00am by Anna Healy Fenton

    ... for Centaline property agency and the title adorns a picture of the night-time harbour view from The Peak. The property is 4,500 sq ft, price HK$350 million. Below is an even more intriguing title: "Sparkling Victoria Harbour- the rich neighbourhood: huge garden, private pool, large garage." This one is 4,200 sq ft and also HK$350 million. Where are these Centaline havens reserved ...

  4. Business - China Business - PROPERTY

    October ends strong run for mainland home sales

    Posted Nov 10th 2012, 12:00am by Yvonne Liu

    ... strong, but then declined in October," said Clement Luk, chief executive at Centaline (China), in eastern and northeastern China. "But home sales during the Mid-Autumn Festival and the National Day holiday between September 30 and October 7, the property market's traditional peak season, were disappointing." Luk said developers had also stopped offering further ...

  5. Business - China Business

    Briefs, November 14, 2012

    Posted Nov 14th 2012, 12:00am by STAFF, AGENCIES

    ... floors of its first property redevelopment in Kwun Tong for HK$1.95 billion. The company said it sold 19 floors of office space at Rykadan Capital Tower for an average price of HK$8,500 per ...

  6. Business - Economy

    Fitch sees mainland economy paying high price if property bubble bursts

    Posted Jun 11th 2014, 01:15am by Jasper Moiseiwitsch

    ... the ratings agency Fitch said yesterday. "[Property] is our biggest macro concern in China. The fact there is such an overhang of supply … if the market were to collapse it would affect the economy and in turn banks," Jonathan Cornish, Fitch's head of north Asia banks, said at the agency's global banking conference in Hong Kong. He estimated that a property market ...

  7. Business - Money - PROPERTY

    Home sales jump in month's first half

    Posted Aug 20th 2012, 12:00am by Peggy Sito

    ... according to the city's major estate agencies. And the sharply rising trend would continue in the next couple of months, they said. Data compiled by Midland Realty showed 5,291 property ... that sales of new homes rose 41.7 per cent to 1,053 deals in the first 16 days of August, while sales of second-hand homes rose 63.8 per cent to 3,232 deals, according to Midland. Centaline Property ...

  8. Business - Companies - INSURANCE

    Reinsurance prices decline by up to 25pc as demand remains subdued

    Posted Jul 07th 2014, 05:26am by Reuters

    ... said property catastrophe reinsurance prices fell by as much as 25 per cent in hurricane-prone Florida and were down by a fifth across the US. The industry's weak pricing power was one reason credit rating agency Moody's changed its outlook on the reinsurance sector to negative from stable last month. The global slump in interest rates since the financial crisis has made ...

  9. Business - Banking & Finance - REGULATION

    BIS sees danger signs in property prices and credit growth

    Posted Jun 30th 2014, 01:40am by Reuters

    ... Reuters in Zurich BIS sees danger signs in property and credit Regulators should not dismiss "worrying" early signs of unsustainable property price and credit growth, which could leave borrowers vulnerable to interest rate rises or sharp downturns, the Bank for International Settlements said yesterday. The global forum for central banks said rock-bottom official interest ...

  10. Business - Money - US STOCKS

    US stocks rise as Fed keeps aggressive easing in place

    Posted Mar 21st 2013, 05:20am by Agence France-Presse

    ... Agence France-Presse in New York US stocks recorded solid gains on Wednesday as the Federal Reserve held steady on its policy of economic stimulus. The Dow Jones Industrial Average gained ... The company also gave a tepid outlook for this year, noting “accelerating customer preference for lower-yielding international services.” American Realty Capital Properties, a real estate investment ...




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