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  1. First tender of a residential site for 10 years

    Posted Nov 10th 2010, 12:00am by Yvonne Liu

    ... was a residential one in Fanling in September. Sun Hung Kai Properties, Chinachem Group, HKR International, Wang On Group and Cheung Kong (Holdings) joined the bidding. That site also went to Sun Hung Kai Properties, for HK$459 million, or HK$3,029 per sq ft- a record in Fanling. The government has pocketed HK$40.02 billion so far this year, selling 10 residential sites at auction and a commercial site ...

  2. Ideal location raises area's appeal for residential tenants

    Posted Jun 11th 2010, 12:00am by Andrea Li

    ... Andrea Li In launching new properties, serviced apartment operators are looking beyond traditional strongholds such as Central and Mid-Levels, and are tapping into new locations that offer ... reach of the West Rail and MTR, with convenient access to Central, Tsim Sha Tsui, the airport and the Hong Kong China Ferry Terminal. 'Many new residential developments may have ...

  3. Beijing halts sale of land for residential sites

    Posted Mar 24th 2010, 12:00am by Peggy Sito

    ... rising land prices and the rapidly increasing housing prices,' said Alan Chiang Sheung-lai, the head of mainland residential property at property consultant DTZ. Chiang supported the measure ... Peggy Sito Beijing has ordered a halt to the sale of residential land sites until the central government announces the land supply plan for government-subsidised housing next month. ...

  4. Luxury residential rents and yields rise increase in Beijing

    Posted Jul 21st 2010, 12:00am by Peggy Sito

    ... Peggy Sito Demand for luxury residential leasing in Beijing in the second quarter boosted rentals and yields in the high vacancy rates in the sector. Rents of luxury residential properties ... the stock of luxury residential properties in Beijing totalled 59,034 units, up 1.39 per cent quarteronquarter, and net absorption totalled 1,910 units, which reduced the overall vacancy rate ...

  5. Growing demand in luxury residential sector

    Posted Jul 21st 2010, 12:00am by Staff Reporter

    ... Data from Ricacorp Properties confirms the active leasing in the luxury market, with 274 deals transacted last month, up 21 per cent from May. The leasing volume is also the highest in 11 months. Ricacorp says a 3,200 square foot house at Repulse Bay Road costs HK$225,000 in monthly rent, or HK$70.30 per square foot. Colliers says luxury residential property prices could increase ...

  6. Fanling residential site to be auctioned after HK$1b pledge

    Posted Apr 17th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu A mass residential plot in Fanling was triggered for auction with a minimum guaranteed bid of HK$1.05 billion yesterday, the second such site triggered for auction in a month. The 95,800-square-foot site, next to the Belair Monte housing estate, is located between a residential area and the Fanling industrial district. The government said it had accepted a developer's minimum ...

  7. Developers flock to bid for MTR residential project

    Posted Feb 25th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu MTR Corp has received an enthusiastic response from developers for the planned HK$18 billion luxury residential project above Austin Station in West Kowloon, even though it will require a huge capital commitment. The railway operator yesterday received five bids from six developers in a tender for the project. New World Development teamed with Wheelock Properties ...

  8. Analysts expect mass residential market to recover but luxury sector to outperform

    Posted Jun 10th 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu Encouraged by Tuesday's better-than-expected land auction, analysts are turning more upbeat on the outlook for luxury residential property. Data from property consultancy DTZ shows that prices of luxury homes were stable last month, even though the mass residential market showed signs of softening. Alva To Yu-hung, DTZ's head of consulting, North Asia, ...

  9. SHKP to release Yuen Long units in biggest residential sale this year

    Posted Feb 19th 2010, 12:00am by Sandy Li

    ... Sandy Li Sun Hung Kai Properties will release its large residential project in Yuen Long for sale tomorrow at an average price of HK$5,200 per square foot, about 18 per cent higher than ... said. Centaline Property Agency said about 40 per cent of the owners of the project's first phase had raised their asking prices by 10 to 15 per cent in the belief that SHKP would achieve ...

  10. Moves to slow growth in high-end property a failure, says agency

    Posted Jul 22nd 2010, 12:00am by Yvonne Liu

    ... in the first half because of [Beijing's] loan tightening policy, but the Hong Kong property market remains active as the local demand is strong,' Tsang said. In the mass residential market, ... residential land for sale in the past few months to cool the property market was having the opposite effect. 'The better-than-expected land auction results have lifted property prices even ...




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