Home sales

Cooling measures cut China home sales

Property advertising boards clutter a sidewalk in Beijing as homes put on the market find few takers in the mainland capital city. Photo: AFP

Mainland home sales plunged last month after local governments fell in line with control measures demanded by Beijing.

Monday, 6 May, 2013, 3:34am

Ex-minister Mak Chai-kwong's flat buyer says she never met him

Mak Chai-kwong. Photo: Dickson Lee

Agnes Hai Chui-kuen told the District Court she did not meet Mak and his wife Wong Lai-king all along, from viewing the property to signing the sales and purchase agreement.

3 May 2013 - 5:40am

New sales rules to curb launch of Hong Kong housing projects in short term

People browse models of the Green Code project. Photo: Nora Tam

The Residential Properties (First-hand Sales) Ordinance, aimed at shielding buyers from dishonest sales practices, came into force on Monday and will affect the launch of new flats in the short term, say property analysts.

1 May 2013 - 3:44am

London homes selling at fastest pace since 2007

A property in New Bond Street, London, where demand has increased three times faster than supply over the last quarter. Photo: Reuters

London homes changed hands at the fastest pace since 2007 last month as the capital's property market drove a third month of UK house price increases, property researcher Hometrack said.

1 May 2013 - 3:44am

Hong Kong home sales slow as buyers wait to see effect of new rules

There were 97 sales in the 50 largest private housing estates monitored by Ricacorp in the week to April 21. Photo: Edward Wong

Hong Kong's secondary home market remained quiet last week and sales are likely to slow further until the implementation of a new law on sales practices that will take effect on Monday.

24 Apr 2013 - 5:20am

China homebuying fever set to cool as curbs bite

Market watchers expect transactions to fall this month as soaring prices and strict enforcement of the 20pc capital gains tax coupled with the increase in down payment for second homes have dampened buying interest.

The latest round of cooling measures this month is expected to slow down homebuying on the mainland after scorching sales in March. Prices of new homes climbed in 68 out of 70 cities in March from February, according to figures released by the National Bureau of Statistics - the highest number of cities since September 2011.

19 Apr 2013 - 5:04am

Scramble for sales precedes new law

Cheung Kong is offering additional sweeteners to try to offload the remaining units at One West Kowloon. Photo: Felix Wong

Cheung Kong is offering additional sweeteners, on top of a price cut last month, to try to offload the remaining units at its Lai Chi Kok residential project.

18 Apr 2013 - 5:33am

China home sales set to fall after latest tightening measures

China home sales set to fall after latest tightening measures

New-home sales in first-tier and second-tier cities were up 8 per cent and 13 per cent week on week, respectively, according to Nomura. The next catalyst for the housing market should come after the first week of May - the three-day holiday starting on April 29.

17 Apr 2013 - 5:31am

Hong Kong second-hand home sales rebound to 7-week high after new curbs

Grand Promenade

On February 22 the government announced new measures, including a doubling of stamp duty for homes and non-residential properties valued at more than HK$2 million, and requiring buyers of non-residential properties to pay stamp duty earlier.

7 May 2015 - 12:48pm

DTZ predicts continuing uncertainty in Hong Kong property market

Taikoo Shing in Quarry Bay. Photo: Robert Ng

Overall residential prices in the secondary market have dropped about 5 per cent since the government announced the doubling of stamp duty on February 22, it noted.

7 May 2015 - 12:48pm

Singapore braces for further curbs after record home sales

Pent-up demand and fear of more cooling measures drove home sales in March. Photo: Reuters

Home sales rose to 2,793 in March, rebounding from a 14-month low in February and the highest since the Urban Redevelopment Authority started releasing the information in June 2007, according to data released today. Sales in February slumped to 712 units, the data showed.

17 Apr 2013 - 5:31am

New Hong Kong flat supply set for 8-year high

More than 15,800 new flats will go on sale next year. Photo: Nora Tam

Preliminary figures from the Rating and Valuation Department's "Hong Kong Property Review 2013" report shows that 15,820 new flats will go on the market next year, 16.8 per cent more than this year's expected total of 13,550 units.

12 Apr 2013 - 6:00am

Home sales plunge into deep freeze

Sales of homes on the secondary market in Beijing have plunged with the introduction of new cooling measures. Photo: AFP

A week after most mainland cities announced details of the latest round of State Council-ordered cooling measures, home sales in the secondary market across the country plunged as much as 90 per cent.

11 Apr 2013 - 5:07am

H7N9 bird flu not behind slowing Shanghai home sales, agents say

Shanghai buyers are worried about tighter mortgages. Photo: Reuters

Home sales in Shanghai have been hit by policy measures aimed at curbing demand, not by fears of another widespread outbreak of a new strain of bird flu, property consultants said.

10 Apr 2013 - 5:47am

Hong Kong home sellers begin to drop prices to lure buyers in depressed market

The Reach, a residential project in Yuen Long jointly developed by Henderson Land and New World Development. Photo: Nora Tam

The government's cooling measures "have created a severe situation for sellers", Centaline Property managing director Louis Chan Wing-kit said. "Some have waited for up to 40 days to clinch a deal, so now they feel they need to lower prices."

10 Apr 2013 - 5:47am