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  • November 28, 2014
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  1. Home sales outlook brightens on border

    Posted Aug 27th 2003, 12:00am by Peggy Sito, Sophia Wong

    ... the property price increase that had long been anticipated in the housing sector in the northeast and northwest New Territories. Sammy Po, sales director of Midland Realty's New Territories division, expected home sales in the northwest New Territories would grow 30 per cent as a result of the interest shown by mainland visitors. Prices could rise 10 per cent by the end of next year. ...

  2. Home sales soar for Beijing Capital

    Posted Nov 17th 2003, 12:00am by Staff Reporter

    ... the strong sales to a rebound in the residential market and a rapidly expanding economy. According to official figures, Beijing's economy grew 9.6 per cent to 151 billion yuan in the first half. ... sold about 48,000 square metres of residential properties between July and September, which accounted for about 82 per cent of its sales in the first six months, Mr Tang said. 'The ...

  3. Home sales prop up HK Ferry earnings

    Posted Sep 06th 2003, 12:00am by Sandy Li

    ... of $135.7 million in the same period last year. It said profit from operations for the first half was mainly derived from the sale of residential units at Metro Harbour View, the redevelopment ... to benefit,' Mr Lam said. Sales of residential units at Metro Harbour View were slow in the first half due to the soft property market and negative sentiment caused by the Sars outbreak. About 460 ...

  4. At last - luxury homes go on sale at the Bay

    Posted Aug 13th 2003, 12:00am by Sophia Wong

    ... as the first new luxury development overlooking Deep Water Bay in Island South to go up for sale in the past decade. The completed project, at 57-71 Shouson Hill Road, comprises two 5,400-square-foot detached houses and six three-storey townhouses ranging from 4,500 to 5,100 sqft, with a private garden terrace. FPDSavills has been appointed as the joint sale agent. Prestige Home division ...

  5. Surge in buyers from the mainland to boost sales of flats by 20pc, says agent

    Posted Aug 26th 2003, 12:00am by Peggy Sito

    ... tourists probably accounted for 2 to 3 per cent of total home sales in Hong Kong,' he said. 'This sales volume is not big enough to revive the market. However, it will reinforce some ... Sai Wan, for $4.06 million in cash. Midland sales manager Henry Chung said the buyer, who operates a garment plant in Guangzhou, bought the flat as a second home. On Friday, a Shanghai-based ...

  6. Property deals drop 14pc as primary market softens

    Posted Dec 03rd 2003, 12:00am by Peggy Sito, Sandy Li

    ... in transaction activity to a decline in home sales in the primary market. Among last month's deals, 7,811 were residential sales- a 16.5 per cent drop from October. The value of residential ... Sandy Li and Peggy Sito The decline comes despite developers forecasting rising home prices next year Property transactions recorded by the Land Registry dropped 14 per cent last month ...

  7. Mainland company targets HK buyers for flats in Shanghai

    Posted Oct 03rd 2003, 12:00am by Mark O'Neill

    ... showing-off upmarket apartments and looking for mainlanders eventually to account for up to 8 per cent of Hong Kong's luxury home sales. Yesterday, Hong Kong reporters were taken to see ... on sale early next month at between 11,000 yuan (HK$10,310) and 16,000 yuan per square metre. They range in size from 112 to 224 sq metres. The second phase will have an additional 300 units ...

  8. Sandwich class snubbing real estate

    Posted Sep 02nd 2003, 12:00am by Peggy Sito

    ... to Midland Realty, confidence has been boosted in part by recent purchases of low-end flats by mainland visitors, though these buyers are estimated to account for just 2 to 3 per cent of home sales ... to be seen until 2005,' CSFB analyst Victor Kwok said. According to the report, a two-tier market has emerged in Hong Kong, with sales picking up for low-end and high-end properties. But demand ...

  9. Foreclosed homes sell swiftly as prices rise

    Posted Nov 05th 2003, 12:00am by Peggy Sito

    ... Peggy Sito Home buyers are snapping up units repossessed by mortgage lenders Sales of foreclosed homes soared across the city as the housing market bounced back over the past two months. With home prices rising steadily since late August, prospective buyers are looking to foreclosure sales as a way to land homes at below-market prices. Sales of foreclosed homes soared to about 600 ...

  10. Deals

    Posted Oct 22nd 2003, 12:00am by Staff Reporter

    ... Retail space proves a profitable investment A 1,529 square foot Causeway Bay retail space was sold for $34 million, or $22,368 per square foot. An agent said the previous owner bought the shop in 46-54 Yee Wo Street for $26 million in May. He said the new owner could renew the lease at a higher price as a road-construction project nearby was completed. Sale of luxury home ...




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