Home sales

Strong home sales, prices lift Sino Land's results

28 Feb 2013

Sino Land's underlying profit jumped 80.5 per cent to HK$4.48 billion in the six months to December due to strong property sales as home prices hit new highs.

New World Development eyes 30pc growth in flat sales this year

28 Feb 2013

New World Development generated HK$9.2 billion from contracted sales in the previous financial year. The company planned to generate between HK$11 billion and HK$12 billion from contracted sales....

Housing rents seen to rise faster as new stamp duty hits home purchases

27 Feb 2013

Rents will rise at a faster pace in the second half of this year as demand for rental accommodation increases as a result of homebuyers hold off on making purchases while they digest the impact of...

Market for cheaper flats expected to recover faster than luxury segment

27 Feb 2013

Sales of homes worth HK$20 million or higher froze over the weekend, but demand among first-home buyers stayed healthy despite higher property tax as they took advantage of discounts.

Extra stamp duty 'to hit speculators only', says financial secretary Tsang

25 Feb 2013

Genuine home buyers will not be affected by property cooling measures, Financial Secretary John Tsang Chun-wah said yesterday, adding that the higher stamp duties imposed on Friday would not apply...

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Opinion

Wang Xiangwei

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A house is not a home until it becomes affordable

Demand for flats falls by half in wake of stamp duty rises

Developers hoping to complete sales programmes looked for ways to fight the impact of sharp increases in stamp duties. They increased the commission for agents - some of whom were passing on the...

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Property Digest, February 20, 2013

Hong Kong's industrial properties saw an encouraging performance in both leasing and sales in the fourth quarter of last year, according to Colliers International's Hong Kong industrial research...

Flat sales down because of holiday

Just 88 flats were sold from February 11 to 17 on the 50 major housing estates in Hong Kong monitored by agency Ricacorp Properties, down 19 per cent from 108 the previous week.

MAINLAND

Affordable-housing sales poor in tier-one mainland cities

Sales of government-subsidised housing in Shanghai and Beijing have been disappointing because those who qualify for such flats cannot afford the high purchase prices, agents and property analysts...

MAINLAND

Home sellers on mainland raise prices after holiday sales boom

Data from the China Index Academy, a unit of SouFun Holdings, shows 21 of 27 cities recorded a rise in sales from February 4 to 17 compared with the same period last year, with average prices in...

UNITED STATES

New US housing starts expected to have cooled in January, analysts say

Builders started work on 920,000 houses at an annual rate following December's 954,000 pace, which was the fastest since June 2008, according to the median forecast of 73 economists surveyed by...