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  1. Confirmor deals up 77pc

    Posted May 13th 2009, 12:00am by Peggy Sito

    ... 94 deals by confirmors, 77.4 per cent more than the 53 deals in March, according to Centaline Property Agency. This was the highest in seven months, it said. The agency expects the number would surpass 100 deals this month. Confirmors are investors who buy a property and resell it before the transaction is completed. It is a measure of short-term speculation. Centaline said ...

  2. Home sales plunge to five-month low

    Posted Jun 01st 2004, 12:00am by Peggy Sito

    ... of developers and landlords, coupled with economic uncertainty, dampened buying sentiment. Centaline Property Agency estimated that registered sales of first-hand flats valued at less than $20 million ... said he expected the Land Registry to report only about 7,000 deals for this month. Shih Wing-ching, chairman of Centaline (Holdings), which controls Centaline Property Agency, said residential ...

  3. Chief aims to make Centaline biggest mainland firm

    Posted Apr 07th 2010, 12:00am by Yvonne Liu

    ... to the mainland in the next 10 to 20 years. Its competition is no longer with large listed local rival Midland Realty only. 'The turnover of Centaline Property Agency has surpassed that of Midland. ... expanding into other cities, that will be a threat to our business as well,' Lai said. Currently, Centaline is the largest property agency in Shenzhen and Tianjin. It also has the largest ...

  4. 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 ...

  5. Midland to tap sandwich class with new venture

    Posted Dec 17th 2004, 12:00am by Sandy Li

    ... Sandy Li Midland Realty (Holdings) is to challenge rival Centaline Property Agency in the wealth management business by launching a joint venture to target the sandwich class. Midland ... with surplus money to buy wealth investment products of more than US$1 million. Centaline moved into wealth management last year. Midland chairman Freddy Wong Kin-yip, who is also the controlling ...

  6. Midland posts largest profit in six years

    Posted Mar 31st 2004, 12:00am by Staff Reporter

    ... but it's not an easy task apparently.' Major rival Centaline Property Agency has more than 300 branches, including 70 branches of its subsidiary Ricacorp Properties. The company did not write ... Ernest Kong Midland Realty (Holdings), one of the two largest property agencies in Hong Kong, has posted its largest profit in six years, but has cast doubts over its commission income ...

  7. Locals get taste for luxury

    Posted Nov 17th 2004, 12:00am by Staff Reporter

    ... increased gradually.' An increase in demand from local tenants also prompted the developer to rely more on local agencies, such as Midland Realty, Centaline Property Agency and Ricacorp ... tenants were leasing properties in the $50,000 per month bracket, compared with about 20 per cent four months ago. 'October and November are generally low-season for the high-end rental ...

  8. Ricacorp unveil plans to seek place on the main board

    Posted Sep 14th 2004, 12:00am by Staff Reporter

    ... outlook and the listing difficulties being encountered by its parent, Centaline Property Agency. Managing director Ivan Ho said the firm, expected to earn more than $50 million this year, aimed ... Ernest Kong The move would see the rivals compete for investor attention as well as sales Hong Kong investors may soon have a choice of property agencies in which to invest as Ricacorp ...

  9. Residential project launches to slow secondary market sales

    Posted Sep 17th 2003, 12:00am by Peggy Sito

    ... to be launched include Swire Properties' The Orchards in Quarry Bay, Sun Hung Kai Properties' Sham Wan Towers in Ap Lei Chau, and The Pacifica phase one in Cheung Sha Wan, jointly owned by Sun Hung Kai Properties and Cheung Kong (Holdings). The three projects comprise more than 2,500 units. Centaline Property Agency senior research and marketing manager Wong Leung-sing said all eyes ...

  10. Banks fall in line with rate cuts

    Posted Nov 17th 2004, 12:00am by Sandy Li

    ... by 12.5 basis points last week. Alex Tang, associate director at Centaline Mortgage Brokerage (a subsidiary of Centaline Property Agency), said that most banks and finance institutions would ... 'Consequently, it [temporarily] removes a major concern we have had in the Hong Kong property sector, namely rising interest rates [and] hence upward pressure on property cap rates,' Mr Sung said. ...




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