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  1. Kerry outbids rivals for Sai Ying Pun residential project

    Posted Jul 22nd 2005, 12:00am by Peggy Sito

    ... 425,000 sq ft. The project will include an 11,800 sq ft home for the elderly and about 7,500 sq ft of landscaped open space. Kerry Properties, which focuses on luxury residential properties, said ... Peggy Sito Developer's plan to build luxury homes challenges perceptions of older district Kerry Properties has outbid 10 rivals to win the contract for the Urban Renewal Authority ...

  2. Outlook hazy for residential sector

    Posted Nov 23rd 2005, 12:00am by Kenneth Ko

    ... expatriates, the growth of luxury residential rentals has been held back by the lingering effect of introduction of the landlord and tenant laws. The buoyant leasing demand continued to move upwards ... advantage of the transitional termination notice (TTN) to renew leases at original rents, overall luxury rental growth has been constrained. Jane Garnett, director of residential services ...

  3. Old residential buildings ripe for the picking

    Posted Nov 23rd 2005, 12:00am by Staff Reporter

    ... Foster Wong Developers are in the hunt for old residential buildings in Hong Kong's luxury neighbourhoods as the government considers relaxing rules governing the compulsory sale ... 'Luxury residential land sites are relatively scarce on the land application list. Acquiring old buildings to redevelop would be an alternative way to beef up developers' land bank mix,' ...

  4. E2-Capital plans to spend $400m on luxury housing

    Posted Jul 13th 2005, 12:00am by Staff Reporter

    ... Fiona Lau and Foster Wong Financial services group E2-Capital (Holdings) plans to spend $400 million to develop a luxury residential site in Kowloon City as part of its efforts ... neighbouring buildings soon. The combined site will be redeveloped into a single luxury residential tower with a gross floor area of 70,000 square feet. 'Including the land premium ...

  5. Residential sales to net $5b for Asia Standard

    Posted Jul 21st 2005, 12:00am by Staff Reporter

    ... Foster Wong Asia Standard International Group expects to cash in $5 billion from sales at six residential property projects over the next three years. The property investor said it would focus on middle to luxury residential developments from now on after a co-developed high-end project Grosvenor Place in Repulse Bay helped the company post its first net profit since 1999. ...

  6. Residential demand high in Indonesia and Malaysia

    Posted Mar 09th 2005, 12:00am by Kenneth Ko

    ... landed properties and luxury condominiums is particularly strong in Kuala Lumpur and its surrounding hinterland, according to DTZ Debenham Tie Leung. New launches of such properties have been ... climate in Jakarta, investments in new developments, particularly residential and retail developments, were active throughout 2004. Condominium projects continued to dominate new property ...

  7. Landlords bank on surge in luxury rents

    Posted Sep 14th 2005, 12:00am by Staff Reporter

    ... a greater emphasis on rental returns. A residential property director with an international property consultant said the number of luxury property transactions had shrunk by more than 30 per cent ... and marketing arm Sun Hun Kai Real Estate Agency, said the developer had raised its rents for luxury properties by more than 20 per cent this year. Units fetch more than $50,000 a month. 'And ...

  8. High on the lapse of luxury

    Posted May 17th 2005, 12:00am by Jane Moir

    ... The Beijing businessman paid HK$168 million for a 5,353sqft penthouse in Sun Hung Kai Properties' West Kowloon development, The Arch, in the process thrusting the luxury end of the residential ... at the high end of the residential property market. The past 12 months have seen a very large run-up at the luxury end, with prices up by as much as 40 per cent. Week after week, prestige properties ...

  9. Rents soar as luxury homes are snapped up

    Posted Sep 07th 2005, 12:00am by Peggy Sito

    ... terraces. Tenants are required to pay management fees of $15,000 to $16,000 a month. The average rent of luxury residential properties jumped 13.2 per cent in the first half of the year, according ... in the Peak's rarefied atmosphere it only covers the rent for a month in a new development where management fees will set tenants back a further $16,000. As the luxury residential lease market grows ...

  10. Climbing rates may cool demand for luxury homes

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

    ... Foster Wong Higher costs will drive out speculators after banks lift prime by 50 basis points The luxury residential market may come under pressure this year as rising interest rates cool the market and reduce investment demand, according to Standard & Poor's. The rating agency said the top-end luxury sector was more vulnerable than the mass residential market because higher ...




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