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  1. HK home sales fall to lowest point in 5 years

    Posted Jun 29th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Home sales in Hong Kong last week were the lowest in more than five years due to the government's new limits on mortgages and proposals to resume building Home Ownership Scheme flats. Only 150 flat sales were recorded in the secondary market, according to data from the 50 largest housing estates monitored by Ricacorp Properties. The figure ...

  2. Negotiation begins at home for police team

    Posted Jun 25th 2011, 12:00am

    ... Simpson Cheung simpson.cheung@scmp.com They use their powers of persuasion to save desperate souls, but the first challenge police negotiators face may come in their own homes- from their wives. So says one frontline negotiator, who shared his thoughts on five years of duty as 14 new negotiators finished their training yesterday. 'Sometimes, after a full day of hard work, our ...

  3. Sales of new homes surge as developers cut prices

    Posted Nov 30th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Sales of new homes surged to 390 at the weekend, from 75 the previous weekend, as developers rushed to sell. Some flats sold for less than comparable second-hand homes. 'Developers are going all out to churn out sales via price cuts or raising agents' commissions,' said Lee Wee Liat, regional head of property research at Samsung ...

  4. HK home sales at six-year low

    Posted Nov 23rd 2011, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Home sales in Hong Kong fell to six-year lows last week following fears arising over a new round of mortgage rate rises when Standard Chartered Bank raised ... their mortgage rates soon. GuocoCapital's head of research Eric Yuen Chi-fung said mortgage rates might rise by a further 50 to 100 basis points over the next few months. 'Home sales ...

  5. Loophole in rules for new-home sales

    Posted Nov 30th 2011, 12:00am

    ... is intended to better protect buyers of new homes against dishonest developers and increase the transparency of the sale process. But an exemption for flats sold en bloc in a single transaction leaves ... Ngoi-yee said the bill is not clear enough. It states only that if homes are sold to one person under one agreement for sale and purchase, the agreement 'is not to be regarded as having been ...

  6. Home sales face hit from mainland slowdown

    Posted Dec 14th 2011, 12:00am

    ... greater interest, however the holding power of the sellers remains strong and distressed sales in the market are not envisaged.' On the office market, it expects average rents might fall ...

  7. Agencies pare back as home sales slow

    Posted Nov 09th 2011, 12:00am

    ... there are about 20,000 to 30,000 agents, but only a few thousand transactions can now be sealed in the secondary market and another few thousand for new homes every month.' Home sales volumes ... week of August, citing 'current depressed secondary-home-sales transaction volume'. Although the property market has cooled down, the central government shows no sign of easing its ...

  8. Sichuan capital in U-turn on its home sales policy

    Posted Nov 24th 2011, 12:00am

    ... relax its home restriction policy in the next two years. The granting and registration of housing ownership certificates normally starts two years after the pre-sale of a residence. On Monday, ... Peggy Sito peggy.sito@scmp.com Less than two weeks after announcing an easing of home purchase procedures, Chengdu, the capital of Sichuan province, has done an about-face, and reverted ...

  9. Zhongshan sets price limit for home sales

    Posted Nov 11th 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Zhongshan, in Guangdong province, yesterday suspended the registration of homes sold at or above a set limit, effectively cancelling the sales. The suspension, ... 'Such administrative measures will definitely achieve lower transaction prices in the short term as no units can be offered for sale at more than 5,800 yuan per square metre.' Home prices ...

  10. HK home sales fall to 32-month low

    Posted Nov 03rd 2011, 12:00am

    ... Sandy Li sandy.li@scmp.com Home sales in Hong Kong dropped to a 32-month low last month as the market fell victim to fears of a global economic recession, rising mortgage rates and credit ... developers have sped up their marketing of new projects over the past fortnight. Lau said he believed sales of new homes would rise in the next two months as potential buyers had regained confidence. ...




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