• Sat
  • Oct 25, 2014
  • Updated: 9:25pm

Ernest Kong

Mid-range flat prices slashed

Developers such as Hang Lung Properties are selling projects at 10pc lower than market expectations

Developers are launching competitively priced mid-range housing projects, as market conditions sour because of interest rate rises and growing supply.

Wednesday, 12 October, 2005, 12:00am

Mid-range flat prices slashed

Developers such as Hang Lung Properties are selling projects at 10pc lower than market expectations

Developers are launching competitively priced mid-range housing projects, as market conditions sour because of interest rate rises and growing supply.

12 Oct 2005 - 12:00am

Henderson to push on even if the margin is close to nothing

Henderson Land Development, one the three bidders for the West Kowloon Cultural District, said the new proposal will shrink the project's profit margin.

'In the new proposal, half of the site needs to be auctioned, only a small part is left behind, and the plot ratio has also been changed. It is very different [from the original plan],' Henderson chairman Lee Shau-kee said.

8 Oct 2005 - 12:00am

HighCliff a steep proposition

The developer feels the market can take the increase but property agents say demand will be limited

Central Development's Hui family is offloading units in its landmark residential building HighCliff at an aggressive price to take advantage of improved sentiment following the government land auction.

5 Oct 2005 - 12:00am

Office rents will continue to rise

Hong Kong, already ranked as the second most expensive place to rent an office in Asia this year, will probably continue to see a strong rally in office rents as supply tightens and demand from the financial sector grows, property consultants say.

28 Sep 2005 - 12:00am

On top of the world

Kerry Properties executive director Steven Ho Shut-kan yesterday put people in the picture about the naming of the company's 69-unit luxury 15 Ho Man Tin Hill Road development at the project's topping-out ceremony.

The apartments in the new development are due to be launched in January next year, but Mr Ho did not indicate the price range.

27 Sep 2005 - 12:00am

More rate rises next year, warn bankers

Hang Seng Bank chief expects prime to reach 7.5 per cent at some point

Bankers yesterday warned that the interest-rate rise cycle would continue well into next year with increases totalling at least 0.5 per cent in coming months.

22 Sep 2005 - 12:00am

Churchouse buys four Hollywood Road flats

Property guru Peter Churchouse has snapped up four small flats in Henderson Land Development's apartment project, CentreStage, on Hollywood Road.

22 Sep 2005 - 12:00am

Taking CentreStage to heart with promotions

Henderson Land expected to pull out all the stops with Sheung Wan project

21 Sep 2005 - 12:00am

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