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  • October 24, 2014
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  1. Agencies pare back as home sales slow

    Posted Nov 09th 2011, 12:00am

    ... the industry would keep shrinking until the Lunar New Year in January, which is the traditional low season for the Chinese market. Last week, brokerage giant Centaline Property Agency said it would ... on property sales, and agents expect more cuts in the coming two months. 'In the last two months, the industry has been shrinking, with the number of property agency outlets reduced by about 30 ...

  2. Homebuyers return despite uncertain economy

    Posted Apr 01st 2009, 12:00am by Peggy Sito

    ... was triggered by a growing belief among buyers that although prices might continue to fall modestly, the end might be in sight to the steep trend decline in property values of the past few months. And in addition to those buying for own use, there was evidence that long-term investors had also begun re-entering the market, they said. Centaline Property Agency said 6,354 property deals were closed ...

  3. Home financing a challenge but having a local connection helps

    Posted Aug 22nd 2003, 12:00am by Kelvin Chan, Ravina Shamdasani

    ... were already using other financing methods to buy homes. Centaline Property general manager Stanley Poon Chi-ming said many had partners, friends or other investment vehicles in Hong Kong ... Agents say HK-based partners and investment vehicles are often used With property developers increasingly seeing mainlanders as a source of income, a question is being raised: how would ...

  4. Property market in crisis

    Posted Dec 29th 2011, 12:00am

    ... of austerity measures are the harshest we've ever seen on the mainland,' said Sherman Lai Ming-kai, chairman of Centaline Property Agency. 'Sales in major cities such as Beijing have ... and acquisitions worth 90 billion yuan (HK$110 billion), according to Centaline Property Agency. To survive, cash-strapped developers have been forced to tap expensive informal loans from trust companies, ...

  5. Home sales rebound on mainland

    Posted Apr 13th 2012, 12:00am

    ... homes in Shenzhen surged to about 6,000 in March from 1,500 in January, according to data from Centaline Property Agency. 'One of the reasons is that banks offered discounts on mortgage rates, attracting more end-users,' said Andy Lee Yiu-chi, head of the Shenzhen branch of Centaline Property Agency. 'But the main driver is lower prices as developers and resellers have ...

  6. Digest

    Posted Dec 07th 2011, 12:00am

    ... Market in downhill cycle, Centaline founder says Centaline Property Agency co-founder Denny Wong Man-yin told bankers recently that four key factors supporting the local property market- ... seen. The managing director of Easy Property said at a Deutsche Bank luncheon that the sales volume would rebound as price declines accelerated. He said stocks were a better investment than ...

  7. Mainland investors less keen on luxury H.K. flats

    Posted Sep 07th 2011, 12:00am

    ... by Centaline Property Agency on June 11. In the first half of this year, the total value of flats sold to mainlanders in the primary market dropped 6.14 per cent to HK$21.4 billion. Centaline ... managing director of Centaline Mortgage Broker, a unit of Centaline Property Agency, said banks had become more cautious this year, given the cost of funds and better yields on corporate lending. ...

  8. Property - Hong Kong & China - MAINLAND

    Demand to keep mainland property market buoyant, say bank analysts

    Posted Jan 23rd 2013, 12:00am by Peggy Sito

    ... cent year-on-year in 2012, and by 1.8 per cent in terms of gross floor area sold. Home prices rose 8.1 per cent year-on-year. In the 54 cities monitored by Centaline Property Agency, 66,400 ... Peggy Sito peggy.sito@scmp.com Demand to keep mainland market up Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales ...

  9. A rare bust in HK's property market boom

    Posted Jul 19th 2011, 12:00am

    ... to exceed HK$2.5 million, according to Centaline Property Agency. While some blame the government's measures to curb home prices for the loss, others fear it may be a harbinger of a wider ... 'This is the first loss-making deal in the resale market for Lime Habitat,' said Gary Lam, senior branch sales manager at Centaline Property Agency. There have been about 15 resales at Lime ...

  10. Business - Property - PROPERTY

    HKMA acts to cool property market after US launches QE3 stimulus

    Posted Sep 15th 2012, 12:00am by Enoch Yiu, Sandy Li and Olga Wong

    ... peak, according to Centaline Property Agency. Financial Secretary John Tsang Chun-wah said the latest round of Fed easing substantially increased the risk of a bubble forming in the local ... rules get tighter to cut risks Hong Kong's central bank moved to cool the city's overheating property market by making second mortgages harder to get, but some analysts are betting ...




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