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  • November 1, 2014
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  1. 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 ...

  2. Ah Pak

    Posted May 27th 2009, 12:00am by Sandy Li

    ... crystal balls. If you are wondering whether the rosy picture presented by the mainland property market will last, take a look instead at the latest business development plan of real estate agency ... happier lending to property buyers rather than to small and medium-sized enterprises.' Homebuyers came first in the loan queue, the banker added, because it was easier to process a mortgage ...

  3. 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. ...

  4. Property agents spy window of opportunity for creative advertising

    Posted Nov 01st 2008, 12:00am by Alex Lo

    ... but are usually among the first to be laid off when the economy takes a dive. Some 700 Centaline Property agents have been let go since June, while subsidiary Ricacorp Properties has laid off 200 staff. Centaline plans to reduce the number of branches from 240 to 180. Midland Realty and subsidiary Hong Kong Properties have seen comparable levels of layoffs. So when the going gets tough, the tough ...

  5. Property agents facing the sack

    Posted Jul 24th 2008, 12:00am by Staff Reporter

    ... Fulton Mak The slowdown in the property market is starting to hurt the earnings of property agents, with some being warned they risk losing their jobs. Centaline Property Agency executive ... smaller major players- Ricacorp Properties and Hong Kong Property- said they had no immediate layoff plans. Ricacorp managing director Willy Liu Wai-keung said about 20 agents had resigned ...

  6. Property agents warned they face the sack as market slows

    Posted Jul 24th 2008, 12:00am by Staff Reporter

    ... Fulton Mak The slowdown in the property market is starting to hurt the earnings of property agents, with some being warned they risk losing their jobs. Centaline Property Agency executive ... lower than the monthly average in the past 12 months,' Mr Chan said. 'July is expected to drop by at least 10 per cent again.' Centaline Property expects sale and purchase ...

  7. Young hopefuls join rush as agents

    Posted Sep 09th 2009, 12:00am by Yvonne Liu

    ... estate agents hit a record high last month. 'The property agency industry is one of the few sectors of the economy that is expanding,' said Shih Wing-ching, the chairman of Centaline Holdings, the owner of one of the city's biggest real estate firms, Centaline Property Agency. But dreams of making quick commissions by selling property can quickly turn into nightmares, some ...

  8. Slumping Sales

    Posted Sep 05th 2008, 12:00am by Staff Reporter

    ... Property agents split on how best to respond to the slowdown in the market in recent months Hong Kong property agents have reacted differently to the slowdown in the market which has increased pressure on their bottom line. Earlier this year, Centaline Property Agency issued warning letters to about 200 sales staff and indicated that those who failed to meet targets could ...

  9. Central office rents to fall by half, says Merrill

    Posted Oct 30th 2008, 12:00am by Yvonne Liu

    ... to comment. Centaline Property Agency said about 700 property agents had left the company since June. It is aiming to reduce its total staff of 2,000 by 20 per cent and the number of branches ... financial crisis has forced property agencies to lay off hundreds of staff since July. United States-based CB Richard Ellis, an international property consultancy firm, has scaled back its ...

  10. In Gear

    Posted Feb 13th 2011, 12:00am by Staff Reporter

    ... Bien Perez New wave The Wave II is the latest 3G touch-screen smartphone from Samsung Electronics. It runs Samsung's proprietary 'bada' mobile software platform, which supports popular applications including the Twitter- like Sina Weibo, am730 free Chinese news, a Commercial Radio HK Toolbar and Property Action by Centaline Property Agency. All the apps can ...




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