First-time homebuyers responding well to discounts

All 216 flats in the first batch at Trinity Towers were sold within four hours at discounted prices. Photo: Dickson Lee

The enthusiastic response to the sale of flats at Trinity Towers in Sham Shui Po at the weekend confirmed the existence of solid demand among first-time homebuyers, but the interest in homes requiring payment of a larger lump sum remained to be seen, agents said.

Wednesday, 2 April, 2014, 3:08am

No price war for Swire at Mount Parker Residences

The clubhouse at Mount Parker Residences. Swire is offering regular discounts. Photo: Jonathan Wong

Unlike rival luxury home developers with numerous large projects due for launch, Swire Properties won't be taking part in a price war. Prices at its completed residential project, Mount Parker Residences in Quarry Bay, could set a record in the district.

7 May 2015 - 4:01pm

British retailers cut prices as household incomes stagnate

Tesco posted a heavy decline in sales in the run-up to Christmas. Photo: AFP

British retailers slashed prices at the fastest rate in at least seven years during the January sales, industry figures showed on Wednesday, highlighting tough trading conditions despite an improving economy.

5 Feb 2014 - 2:49pm

Kerry Properties offering discounts of up to 15.8 per cent on new project

Known for luxury homes in the Mid-Levels, such as Soho 38, Kerry said it is pricing The Summa with reference to its own projects, as there is little new supply in Sai Ying Pun. Photo: Jonathan Wong

Kerry Properties is offering a total discount of 15.8 per cent, including a stamp duty subsidy of as much as 8.5 per cent, to boost sales at The Summa, its residential project in Sai Ying Pun to be launched next week.

After that discount, the average price of the first 50 units at the 168-unit project is HK$22,989 per square foot.

3 Jan 2014 - 3:18pm 1 comment

Supermarkets offer confusing price 'discounts'

Those crackers may not be such a bargain. Photo: Jonathan Wong

As much as traders doubt the practicality of guidelines over price tags to stop retailers from faking bargains, a stroll through the city's supermarkets shows the status quo can confuse if not mislead shoppers.

4 Feb 2013 - 4:40am 1 comment

Modern travel: the best ways to get a discount

Holidaymakers have several options these days to find the best price for flights and hotels. Photo: Edward Wong

Travel brochures, once a common sight, are now likelier to be found in a museum than a living room.

10 Dec 2012 - 2:28am

When cheaper is better

A shopper at a Seiyu supermarket in Tokyo. Bargain-hunting customers have boosted the Wal-Mart unit's revenue. Photo: Bloomberg

Keikichi Miyakawa says he earned about US$50,000 a month selling golf club memberships during Japan's bubble economy in the late 1980s.

17 Nov 2012 - 4:13am

Turnaround on MPF joke a victory for placard wavers

I propose to make a one-off injection of HK$6,000 into the MPF accounts of all MPF scheme members.

Financial Secretary John Tsang Chun-wah, Budget speech, 2011

Of course he has now proposed to depropose it or repropose it or do something else to satisfy the placard wavers. But let's just examine why it was a bad idea anyway.

3 Mar 2011 - 12:00am

Discounts point to end of Shanghai home bubble

The property bubble in Shanghai appears to be deflating with developers offering steeper discounts than normal to drum up purchases by first-time homebuyers.

To counter a 50 per cent slide in transaction volume in Shanghai so far this month, prices of flats at some projects on the city's outskirts are being cut by up to 0.7 per cent from the standard 0.2 per cent discount.

27 Jan 2010 - 12:00am

Kowloon Development acquires two projects

Kowloon Development said yesterday it had acquired two property development projects from its parent for HK$857 million.

The company said in a statement the properties were located in Ming Yuen Western Street at North Point and Hun Nan Xin district in Shenyang, northeastern China.

17 Aug 2009 - 12:00am

Mong Kok traders strike for lower rents

Operators from more than three-quarters of the shops in the Mong Kok Computer Centre went on strike for three hours yesterday to demand a rent cut amid the economic downturn.

The strike lasted from noon to 3pm at the centre in Nelson Street, which houses around 70 shops.

19 Feb 2009 - 12:00am

Pacific Basin taps market for HK$2.1b

Dry-bulk shipper Pacific Basin Shipping is to raise HK$2.14 billion in its second fund-raising exercise in six months.

The company has reached an agreement to place 158.598 million shares at HK$13.52 each, a discount of 7.02 per cent to yesterday's close of HK$14.54.

9 May 2008 - 12:00am

Evergrande slashes prices to promote sales

Evergrande Real Estate Group, a developer that recently postponed its Hong Kong initial public offering, has cut prices on a number of upmarket residential projects in Guangzhou by as much as 40 per cent to speed up sales.

The move has triggered concerns that the Guangzhou-based developer was trying to raise cash by selling its properties at a discount.

2 Apr 2008 - 12:00am

El Grande gambles on budget cuts with wine and beer promotion

Rhys Adams, marketing director of the El Grande restaurant and bar group, is so confident Financial Secretary John Tsang Chun-wah will drop or decrease the wine and beer duty in his budget tomorrow that he's already offering booze discounts at his outlets.

26 Feb 2008 - 12:00am

Shanghai Forte raises $694m in share sale

Shanghai Forte Land tapped the market for $694.8 million yesterday, riding on a sharp rally in the stock market.

4 Apr 2006 - 12:00am