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  • November 26, 2014
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  1. High price to pay for a life of luxury

    Posted Oct 15th 2010, 12:00am by Kenneth Ko

    ... division at CB Richard Ellis, says: 'We don't think new supply of luxury residential properties can meet demand. The Rating and Valuation Department expects 1,430 and 1,640 units under ... expatriates, industrialists and investors each took 15 per cent. Abraham says most buyers and investors in traditional luxury residential properties are local high-net-worth individuals, ...

  2. Engel & Volkers enters Macau luxury sector

    Posted Oct 08th 2008, 12:00am by Peggy Sito

    ... Peggy Sito Engel & Volkers, a property franchiser specialising in the luxury residential sector based in Germany, is to launch its first shop in Macau. 'The market is slow but we can still see demand for residential leasing from expats who are working in the city and looking for mid- and up-market homes,' said Nestor Ng, managing director at Engel & Volkers ...

  3. Estate agent numbers rise as optimism flourishes in the sector

    Posted Sep 15th 2004, 12:00am by Staff Reporter

    ... the remainder are responsible for new residential project sales,' he said. The agency has focused on the secondary market for luxury properties since it was acquired by Centaline Property Agency ... Ernest Kong The number of property agents in Hong Kong has been rising as the market turns bullish. There are now 8,966 licensed property agents in Hong Kong, compared with 8,242 ...

  4. Property agencies on expansion trail

    Posted Oct 09th 2003, 12:00am by Peggy Sito

    ... property market and the overall economy,' Mr Wong said. He said sales of luxury residential flats, low to middle-range flats, office buildings and shops had improved, while property buyers showed a 30 per cent increase in activity during the 'Golden Week' holiday. The demand for luxury residential flats had also increased by 20 per cent to 30 per cent since the Sars ...

  5. Kerry resumes marketing of Beijing project

    Posted Jul 22nd 2009, 12:00am by Staff Reporter

    ... Fulton Mak Banking on improved sentiment among property buyers in Beijing, Hong Kong-listed Kerry Properties last week began a second round of marketing to sell units in Gemini Grove- its majority-owned luxury residential project in the city. The units will be marketed to both mainland and Hong Kong buyers. Kerry Properties and joint venture partner Beijing-based Huayuan Real Estate ...

  6. Sino Land to go more upmarket next year

    Posted Nov 18th 2004, 12:00am by Staff Reporter

    ... 'Supply of luxury projects is much less than mass residential projects and the outlook of the sector is very good in the coming six to 12 months,' Mr Ng said, adding that a low interest-rate environment had provided sound support to the property market. General manager Mark Hahn said the firm would launch fewer units in total next year but more luxury homes compared with this year. ...

  7. When the chips are down

    Posted Oct 30th 2008, 12:00am by Staff Reporter

    ... many luxury residential properties and condominiums have been built too quickly and now the market is correcting itself. Mr Martins says real estate should see a 40 per cent drop by year-end ... Brockman concedes that the 20 per cent increase in property values annually is unsustainable. 'There was so much 'hot money' going into property investment from the US, Britain, ...

  8. Property deals expected to rise 30pc over holiday

    Posted Oct 02nd 2009, 12:00am by Yvonne Liu

    ... were put off by aggressive asking prices, although statistics showed the average increase was about 0.2 per cent. A total of 99,241 property transactions- residential and commercial- were ... growth so far this year. The average price of the 30 key luxury residential estates increased 12.8 per cent to HK$10,804 per square foot last month, compared with HK$9,580 in June, the firm said. ...

  9. Taipei auction a test of global confidence

    Posted May 14th 2008, 12:00am by Sandy Li

    ... been welcomed by international investors as a stabilising factor in cross-strait relations. 'If the property is sold to an overseas investor at a record price, luxury home prices will shoot up significantly,' said Billy Yen Pingli, the general manager at DTZ in Taipei, the sale agent for the property. Some developers had already raised their prices for new luxury ...

  10. Sharp rise in revenue, profit for developer

    Posted Apr 19th 2010, 12:00am by Wilson Lau

    ... Wilson Lau Property developer Glorious Property Holdings reported a sharp rise in its revenue and gross profit for last year, driven by strong demand for luxury residential projects ... Cheng says. Despite short-term fluctuation due to austerity measures and credit tightening, Glorious Property is bullish about the buoyant luxury residential market in Beijing and Shanghai. ...




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