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  • July 10, 2014
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  1. Swiss and HK companies seek synchronised approach

    Posted Aug 29th 2007, 12:00am by Scarlet Ma

    ... Competition exists naturally between watch manufacturers. However, the watch industry as a whole is also in competition with many other consumer goods. This year's Hong Kong Watch & Clock Fair, which opens next Wednesday and runs until Sunday at ...

  2. Office sales soar on large dollar deals

    Posted Feb 07th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Sales of prominent commercial buildings helped push last month's office transactions to their highest dollar value since the handover. Office space deals registered last month amounted to $6.33 billion, the highest since July 1997, according to the figures from the Land Registry and Ricacorp Properties. This compared with a peak of $9.15 billion recorded in June ...

  3. Department to do more with less after merger

    Posted Jul 01st 2003, 12:00am by Staff Reporter

    ... The government has pledged to do more with less as it launches its newly merged logistics department today. The department replaces the Land Transport Agency and the Supplies and Printing departments. The merger will reduce staff numbers by about 60 and s ...

  4. Mid-range flat prices slashed

    Posted Oct 12th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Developers such as Hang Lung Properties are selling projects at 10pc lower than market expectations Developers are launching competitively priced mid-range housing projects, as market conditions sour because of interest rate rises and growing supply. Hang Lung Properties has adopted a lower than expected pricing strategy for AquaMarine, its 1,616 unit mid-range project ...

  5. Luxury segment home sales slip for third month

    Posted Feb 12th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Number of deals edges up last month, but their value declines 11pc to $8.3b A lack of big-ticket home sales dragged down the luxury property segment for the third consecutive month last month, despite a jump in the number of transactions. Among 634 registered sales worth more than $7 million each last month, only two single-lot house transactions were recorded: 31 ...

  6. Investment in Beijing slows down

    Posted Aug 18th 2004, 12:00am by Staff Reporter

    ... Ernest Kong Investment in Beijing real estate is slowing, following government measures to cool an overheated sector. According to the city's Statistics Bureau, real estate investment in the city rose 22.1 per cent to 61.1 billion yuan in the first seven months of the year, down from 24.2 per cent growth in the first six months. Investment in residential properties in the period ...

  7. Fewer flats on market as vendors delay sales

    Posted Apr 21st 2004, 12:00am by Staff Reporter

    ... Ernest Kong Estimate of 27,700 units available this year and next year too high, says report The supply of flats on the Hong Kong market will be smaller this year and next than the number estimated by the government, according to a new report. This year 26,500 new flats will be available, dropping to 22,000 units next year, the annual property review from the Rating and Valuation ...

  8. Green rules shape building designs

    Posted Sep 07th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Government regulations have been playing a pivotal role in shaping the design of residential buildings in Hong Kong, with developers following similar design formulas to maximise profits under the rule. 'Almost all significant changes in the way residential towers are built [in Hong Kong] are spurred by changes in regulations,' said Wong Wah-sang, ...

  9. More rate rises next year, warn bankers

    Posted Sep 22nd 2005, 12:00am by Staff Reporter

    ... Maria Chan, Kelvin Wong and Ernest Kong Hang Seng Bank chief expects prime to reach 7.5 per cent at some point Bankers yesterday warned that the interest-rate rise cycle would continue well into next year with increases totalling at least 0.5 per cent in coming months. Yesterday, five banks in Hong Kong lifted prime lending rates and savings deposit rates by 0.25 per cent, ...

  10. HK agents muscle in on hot market

    Posted Dec 08th 2004, 12:00am by Staff Reporter

    ... Reports by Ernest Kong in Macau Hong Kong real estate agents are expanding rapidly in Macau because of an increase in property transactions and a lack of dominant market players. One of the largest agencies in Hong Kong, Midland Realty, has opened five branches in Macau since June. Centaline Property Agency also recently entered the market, while at least five Macau-based outlets ...




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