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  1. Rents for luxury properties take a tumble as banks lay off expats

    Posted Dec 08th 2008, 12:00am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li After rising steeply for the past two years, rents for prestigious residential properties in Hong Kong are tumbling, with landlords scrambling to grab good tenants as international investment banks lay off expatriates or cut their housing allowances. Property consultants expect rents for luxury accommodation, which were at record levels earlier in the year, to drop ...

  2. Buyers still keen on luxury property

    Posted Sep 05th 2008, 12:00am by Peggy Sito, Sandy Li

    ... Peggy Sito and Sandy Li Demand for luxury properties still exists despite global economic uncertainties and a slowing economy in the city, Kerry Properties says. 'The uncertainties ... director of Kerry Real Estate Agency, a subsidiary of Kerry Properties. He cited the positive sales response for the company's residential property Soho 38 in Shelly Street in Central ...

  3. Global financial crisis to hit luxury property market

    Posted Oct 15th 2008, 12:00am by Kenneth Ko

    ... sentiment for luxury residential properties in Hong Kong, with top-end residences likely to be hardest hit by possible failures of more major financial institutions, analysts say. While the robust ... crisis, property consultants have predicted that luxury residential rents would decline, though at a relatively gradual pace. In the first nine months of this year, luxury rents on Hong Kong ...

  4. No bidders for prime residential site in Taipei

    Posted May 31st 2008, 12:00am by Yvonne Liu

    ... at Savills (Taiwan), said the failure of the auction was due to the aggressive asking price. 'Prices of luxury residential property have risen 30 per cent since the March presidential election ... Yvonne Liu The first luxury residential site in Taipei targeting mainland developers failed to attract any bids at a land auction yesterday, suggesting developers are cautious about ...

  5. Stock market unlikely to rescue luxury property

    Posted May 29th 2008, 12:00am by Jake Van Der Kamp

    ... I cite the excerpts above. Where do property agents think upmarket residential developments will find new buyers when the stock market is no longer minting them? The first chart shows you how ... flats on Hong Kong Island. There are only two occasions I can remember over the period of this chart when there was a boom and bust in the Hang Seng Index but luxury property prices were ...

  6. Luxury market sentiment improves

    Posted Jun 04th 2008, 12:00am by Yvonne Liu

    ... as well as an Asian price record for a house on the Peak shows that buyer concerns about the outlook for the luxury sector are over, agents say. Sun Hung Kai Properties last week sold a 5,069 square foot house at Severn 8 on the Peak to a buyer it identified as a Chinese businessman for HK$283.8 million or HK$55,987 per square foot. The deal set a price record for residential property ...

  7. Luxury house on Peak fetches record price

    Posted Jan 10th 2008, 12:00am by Yvonne Liu

    ... a record for a residential property in Asia. The Lands and Companies Registry said De Monsa acquired the three-storey, 4,325 square foot house for HK$240 million in the secondary market last month. ... firm bought the house for investment. 'The supply of houses in luxury residential areas is limited. We expect prices of luxury houses to rise 20 per cent in the next 12 months,' he ...

  8. Expats drive up luxury leasing market

    Posted Mar 26th 2008, 12:00am by Kenneth Ko

    ... there was a rising trend in the luxury residential leasing market to cater for the specific needs of different tenants. 'In the past, the property hardware and its location were the deciding factors ... for the Repulse Bay flats. Signature Homes, the luxury residential leasing arm of Sun Hung Kai Properties, provides one-stop personalised service to tenants with its SignatuRep concierge service. ...

  9. Luxury prices up but vacancies still high

    Posted May 21st 2008, 12:00am by Yvonne Liu

    ... at the end of last year were unchanged from 2006 levels. Property analysts said the high level of vacancies was due to developers slowing the release of completed luxury residential units in the hope ... by limited supply, but vacancy rates in the sector remain stubbornly high. Colliers International data shows that the average price of luxury residential units reached HK$11,846 per square foot ...

  10. Living in a circle of ultimate luxury

    Posted Apr 18th 2008, 12:00am by Elizabeth Horscroft

    ... property sales sector, Ms Choi's outlook on the luxury residential leasing sector for the coming year is positive. 'Demand is still strong versus supply. With the continual influx ... There's a price to pay for high-end property, but it comes with distinguished location, quality, and unmatched service, writes Elizabeth Horscroft Luxury abounds in Hong Kong. ...




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