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  • November 27, 2014
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  1. No boom from cultural district, say experts

    Posted Feb 08th 2005, 12:00am by Dennis Eng

    ... warned that the project's luxury residential property component would allow the winning developer to dominate this sector for a number of years. 'I am worried that West Kowloon will dominate the luxury residential market in the same way Cyberport did, in terms of pricing,' Mr Brooke said. Of the three contenders, Sunny Development, a joint venture with Sino Land, Wharf ...

  2. Buyers must ride their luck in house hunt

    Posted Nov 13th 2009, 12:00am by Dennis Eng

    ... Data compiled by the international property consultancy Jones Lang LaSalle, showed prices of mass-market and luxury residential flats had rebounded by 22 per cent and 32 per cent respectively ... choose to send in their forms by post.' The keen interest in this year's sale comes amid fears of an overheated private property market, prompted by reports that an apparent world ...

  3. Developer sides with government on affordability of flats

    Posted Oct 21st 2009, 12:00am by Celine Sun, Dennis Eng

    ... in the city- a hot topic since a luxury flat sold for a world-record price in Mid-Levels last week. 'If there's a bubble in the luxury property market, it will not have a huge impact ... of luxury flats that are rising rapidly. If you go to Tseung Kwan O to buy a property, the prices there have not gone up a lot. From a historical point of view, market affordability today is still ...

  4. City back on track as good times roll again

    Posted Dec 27th 2005, 12:00am by Dennis Eng

    ... to $80,000 a month. Tai Cheong reopened a few doors down on October 1, paying more than $60,000 a month. Higher prices also plagued the residential property market and hit homebuyers, who were ... Dennis Eng Property, tourism and retail sectors perform well, while exports enjoy a record 12 months In a year that was marked by major government reshuffles, health scares and public ...

  5. Tsang on the defensive over flat prices

    Posted Oct 16th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... to offer a batch of 30 flats at a luxury property at 42 Conduit Road at an average of HK$6,870 per square foot, 5 per cent to 8 per cent below typical prices in the area. This month- amid one ... peaks. The doctor complained on a phone-in radio programme that she and her lawyer boyfriend could not buy a home on their salaries. Tsang told her: 'From what I can see, properties ...

  6. Little room for expansion in HK, luxury hotel chains lament

    Posted Oct 19th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... Dennis Eng and Paggie Leung A lack of suitable sites and the relatively high cost of land are frustrating efforts by some of the biggest names in the luxury hotel business to tap ... Building could be something that we could use for The Luxury Collection brand. I think there are opportunities for a heritage hotel.' Chief Executive Donald Tsang Yam-kuen said in his policy ...

  7. More confidence in property market despite high prices

    Posted Jan 05th 2005, 12:00am by Dennis Eng

    ... Dennis Eng Homeowners' confidence in the residential property market edged up slightly last month from three months earlier, although almost half believe prices are too high, a survey ... of homeowners and more than two-thirds of non-homeowners described prices as high or extremely high. However, there has been no change in the quarterly BRE Confidence Index for Residential Property ...

  8. City's wealthy cut back on life's luxuries as financial crisis bites

    Posted Oct 03rd 2008, 12:00am by Dennis Eng, Paggie Leung

    ... said. 'When the stock market and property prices have tumbled so much, high-class restaurants- like those offering expensive ingredients such as abalone, shark's fin, sea cucumber ... long-haul destinations and luxury tours, but short-haul trips to Southeast Asia have seen an increase,' Ms Lau said. Retail sales in August rose 10.4 per cent year on year by value, to HK$22.8 ...

  9. Luxury items the biggest casualties as retail sales growth slows

    Posted Jul 04th 2006, 12:00am by Dennis Eng

    ... said. He blamed the lull in the property market and large swings in the stock market. Mr Kwan said sales should be driven largely by domestic demand in the second half of the year. Hang Seng ...

  10. IMF issues warning over property prices

    Posted Nov 04th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... that rising luxury property prices were affecting mass housing, he said. 'We welcome the consideration that is now being given to increasing the supply of land to the market as one ... Dennis Eng and Paggie Leung The International Monetary Fund has warned of the risk of ample liquidity and credit fuelling the property market in Hong Kong. It says measures may ...




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