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  • October 31, 2014
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  1. Retail property prices near 1997 levels

    Posted Dec 10th 2003, 12:00am by Peggy Sito

    ... suggest early signs of a recovering market for retail property. According to Centaline Property Agency, 2,179 properties changed hands in the first 11 months- the highest volume since 1997. ... Peggy Sito Sales prices for shops along main streets have almost returned to levels seen during the 1997 property peak, suggesting the retail property sector is picking up strongly. ...

  2. 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 ...

  3. On the market

    Posted Dec 21st 2011, 12:00am

    ... of Centaline Property Agency (6259 8582) The Caldecott The flat in Caldecott Road, Cheung Sha Wan, is 2,313 square feet and has two covered parking spaces. One floor below the penthouse, it has two ...

  4. Property - Hong Kong & China - PROPERTY

    Cash-strapped mainland developers delaying commissions to property agents

    Posted Jun 13th 2014, 10:47am by SANDY LI AND LANGI CHIANG

    ... Sandy Li and Langi Chiang Delayed payment of commissions by developers comes as agencies on the mainland are hit hard by falling revenues amid a market downturn Long wait for fees takes toll on agents Mainland property agents are reeling from a double whammy, as cash-strapped developers fail to pay them commissions for marketing and ancillary services at the same time ...

  5. Agency profits up on market turnaround

    Posted Mar 10th 2005, 12:00am by Peggy Sito

    ... Peggy Sito Property agency profits rose last year, with commissions surging on the back of the turnaround in Hong Kong's property sector. Centaline (Holdings) said last year's commissions rose 74 per cent to $2.96 billion, while the company handled a 37 per cent increase in transactions. 'Among the units, Centaline Property Agency was the major contributor ...

  6. Property - Hong Kong & China - STRATEGY

    Online competition adds to property agencies’ woes on mainland

    Posted Aug 26th 2014, 12:39pm by Langi Chiang

    ... is becoming harder for mainland property agencies this year as the internet turns their clients into competitors amid an already debilitating market downturn. China Vanke, the mainland's biggest ... Vanke will give them commissions of up to hundreds of thousands of yuan. While the developer said it was part of efforts to sell down inventories, the move has made property agencies nervous ...

  7. Big agencies to expand to offset fall in profitability

    Posted Jun 13th 2012, 12:00am

    ... by the big four agencies- Centaline, Midland, Ricacorp and Hong Kong Property Services (Agency). 'In the primary market, the transaction volume is approximately HK$3.8 billion a month and about ... Yvonne Liu yvonne.liu@scmp.com Large estate agencies are eyeing expansion into space left by smaller firms quitting the Hong Kong market in a bid for a greater market share. Macau-based ...

  8. 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 ...

  9. Staff empowered as Centaline chief makes mark with Marx

    Posted Sep 11th 2004, 12:00am by Anna Healy Fenton

    ... with Anna Healy Fenton Centaline Property Agency chairman Shih Wing-ching is singular among Hong Kong bosses in that he believes in sharing the agency's profits with its staff. ... business is included, Centaline as a group is the larger company.' Both have other agencies under their umbrellas. Centaline acquired Ricacorp properties in late 2001. 'It wasn't ...

  10. Agency doubles commission fees

    Posted Jul 30th 2003, 12:00am by Sophia Wong

    ... Centaline Property Agency, one of the biggest local real-estate brokerages, has doubled its commission charges to offset a decline in revenue caused by a fall in the number of property transactions. Some Centaline branches recently posted notices indicating brokerage fees would be at least 2 per cent of the transacted property value, or no less than HK$15,000 per deal, the agency ...




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