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  • November 27, 2014
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  1. Business - Property - PROPERTY

    China home sales set to fall 50pc after new curbs

    Posted Apr 02nd 2013, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Sales may plunge by as much as 50 per cent this month, after mainland cities unveil local cooling measures designed to curb price growth Mainland home sales set to fall Home sales across mainland cities this month are expected to drop as much as 50 per cent from last month, after local authorities announced detailed measures to cool the property ...

  2. Property - Hong Kong & China - HONG KONG

    Developers rush to sell stock as discounts boost luxury-home sales

    Posted Dec 04th 2013, 05:33am by Peggy Sito

    ... to sell more homes as discounts lure buyers Developers of Hong Kong residential projects are in a rush to lock in sales while buying sentiment remains positive in the wake of discounts offered ... the previous weekend and the most sold in a single weekend since October 2010. The strong sales are likely to prompt developers to release more homes for sale ahead of possible further measures to cool ...

  3. Home sales rebound after cost cuts

    Posted Nov 18th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Home sales in the secondary market rebounded last week after flat owners cut prices to entice buyers amid weakening market sentiment. A total of 303 homes changed hands during ... was confirmed in data compiled by Midland Realty that showed 135 home sales were completed in the 35 housing estates it monitored- up 31 per cent over the previous week. Secondary market sales had ...

  4. Sluggish outlook as home sales fall

    Posted Oct 08th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Home sales activity on the mainland declined last month, traditionally a peak period for property transactions, as some analysts forecast a lacklustre 2010. The floor area ... demand that was released in the first half, pushing up prices and sales volume. 'The peak period of property sales has been put forward to the first half,' he said. Wu does not expect ...

  5. Cities move to lift home sales

    Posted Sep 24th 2008, 12:00am by Peggy Sito

    ... to prevent further drastic falls in home prices. 'The rumoured stimulus package in Nanjing came after other city governments introduced measures to boost property sales,' said Wang Derong, ... property sales continued to fall since the fourth quarter of last year. According to government figures, home sales across the nation fell more than 10 per cent to 277 million square metres ...

  6. Mood picks up as home sales surge

    Posted Mar 25th 2009, 12:00am by Peggy Sito

    ... Peggy Sito and William Clem in Shanghai A countrywide surge in sales since the beginning of the year has injected a sense of optimism that the worst is over for the mainland property market and a sustainable rebound is under way. The market improvement was proven by inventory depletion as well as price stability in some cities, analysts said. While optimists said home buyers ...

  7. Henderson targets HK$18b from home sales

    Posted Jan 24th 2009, 12:00am by Peggy Sito

    ... Peggy Sito Henderson Land Development aims to raise HK$18 billion from the sale of 1,500 flats this year as it shrugs off gloomy predictions for the property market. Thomas Lam Tat-man, a deputy general manager of Henderson's sales department, said the plan was to dispose of at least 10 residential projects this year. 'The targeted sales will be better than ...

  8. Home sales set to dive as banks tighten loans

    Posted Oct 29th 2008, 12:00am by Peggy Sito, Yvonne Liu

    ... Peggy Sito, Yvonne Liu and Maria Chan The number of flat sales is expected to fall dramatically as banks tighten lending on both mass and luxury properties, with agents saying buyers are not being loaned more than 70 per cent of a home's value. From this month, HSBC has been applying the 70 per cent rule to buyers of properties worth HK$20 million or more. But the bank said ...

  9. Home sales plunge to five-month low

    Posted Jun 01st 2004, 12:00am by Peggy Sito

    ... Price increases and economic concerns put paid to buying interest and rebound Home sales plummeted last month to their lowest level since December last year as the high-pricing strategies of developers and landlords, coupled with economic uncertainty, dampened buying sentiment. Centaline Property Agency estimated that registered sales of first-hand flats valued at less than $20 million ...

  10. 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. ...




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