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

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

Rents escalate for pocket-sized pads

Flat seekers hoping to rent a small property within walking distance of Central might be shocked to learn how much rents have risen for these apartments since the start of the year.

21 Sep 2005 - 12:00am

Green rules shape building designs

Government regulations have been playing a pivotal role in shaping the design of residential buildings in Hong Kong, with developers following similar design formulas to maximise profits under the rule.

7 Sep 2005 - 12:00am

Luxury segment home sales slip for third month

Number of deals edges up last month, but their value declines 11pc to $8.3b

A lack of big-ticket home sales dragged down the luxury property segment for the third consecutive month last month, despite a jump in the number of transactions.

12 Feb 2005 - 12:00am

Office sales soar on large dollar deals

Sales of prominent commercial buildings helped push last month's office transactions to their highest dollar value since the handover.

Office space deals registered last month amounted to $6.33 billion, the highest since July 1997, according to the figures from the Land Registry and Ricacorp Properties.

7 Feb 2005 - 12:00am

Sino Land lowers pricing benchmark with Royal Oaks

Sino Land has set a price benchmark for a rival project developed by Sun Hung Kai Properties (SHKP), asking less than was expected for its Royal Oaks luxury housing project in Sheung Shui.

7 Jan 2005 - 12:00am

HK agents muscle in on hot market

Hong Kong real estate agents are expanding rapidly in Macau because of an increase in property transactions and a lack of dominant market players.

One of the largest agencies in Hong Kong, Midland Realty, has opened five branches in Macau since June.

8 Dec 2004 - 12:00am

Investment in Beijing slows down

Investment in Beijing real estate is slowing, following government measures to cool an overheated sector.

18 Aug 2004 - 12:00am