Home sales

Home sales rise as owners cut asking prices

Analysts expect home prices to continue to edge down. Photo: AFP

Home sales in the secondary market picked up in the past week as more flat owners cut their asking prices. Analysts said the outlook was negative, with prices edging down.

Thursday, 7 May, 2015, 12:48pm

Kerry still targeting HK$6b in sales

Kerry is waiting for a certificate of compliance for Bayview.

Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."

14 Jun 2013 - 3:49am

New Macau law to affect pre-sale supply

Sniper Capital's Joao Afonso, who manages The Fountainside project, is confident about sales over the next two years. Photo: Paggie Leung

The law, which was approved by the Macau Legislative Assembly on May 21, aims to protect buyers by imposing conditions on the sale of unfinished flats and regulating sales procedures.

29 May 2013 - 3:21am

Sales of second-hand flats in Hong Kong decline

Ten of 33 sales on big Hong Kong Island housing estates last week were at Taikoo Shing. Photo: Robert Ng

During the week ended May 26, a total of 178 second-hand flats were sold in the 50 largest private housing estates monitored by Ricacorp Properties, down from 180 sales the previous week.

29 May 2013 - 3:21am

Buyers swoop in on Sydney

Buying restrictions in Hong Kong and a weakened Australian dollar have prompted local investors to look at Sydney's property market. Photo: Getty Images/Ingram Publishing

Sdney might be joining New York, London and Hong Kong as world cities with the most expensive housing. That's the Aussie buzz following a white-hot, late-autumn auction period, where even "a dilapidated terrace with rotting carpets and holes in the ceiling" was auctioned for A$800,000 (HK$6.01 million).

29 May 2013 - 3:21am

Sales in Hong Kong secondary home market rise as primary releases evaporate

Only two flats in Swire Properties' Dunbar Place sold at the weekend.

Data from Ricacorp Properties showed that for the week ended May 12, 176 second-hand flats were sold in the 50 largest private housing estates it monitors, up 24 per cent from 142 sales the previous week.

15 May 2013 - 3:06am 4 comments

Hong Kong home rents fall as owners cancel sale plans amid falling prices

Rents in Lohas Park dropped by up to 20 per cent last month. Photo: Dickson Lee

In the Lohas Park development in Tseung Kwan O, rents dropped by up to 20 per cent last month, taking rates back to the same level as early last year, according to Alvin Ma, a senior district manager at Midland Realty's branch in Tseung Kwan O.

15 May 2013 - 3:06am 3 comments

Hong Kong property investors switch search to overseas markets

The River Green project in Richmond, Canada, lies close to Vancouver International Airport and next to the Richmond Olympic Oval.

A growing number of Hong Kong property investors are shifting their investment focus offshore - prompting local brokers to widen their sales' lists in order to capture commissions on deals taking place overseas.

15 May 2013 - 3:06am 1 comment

China home sales show mixed results after cooling measures

China home sales show mixed results after cooling measures. Photo: Reuters

Figures released by the National Bureau of Statistics show residential sales' values jumped 57 per cent year-on-year last month, but were down 13 per cent month-on-month.

15 May 2013 - 3:06am

Half of new homebuyers in London market are foreigners

London property has cemented its status as a haven for foreign wealth. Photo: Bloomberg

Foreigners spent more than £3 billion (HK$35.7 billion) on new homes in Britain's capital last year, a 25 per cent increase from 2011, broker Jones Lang LaSalle said.

15 May 2013 - 3:06am 1 comment

Beijing clampdown on property market 'won't hold back China homes sales'

Developers who focus on the residential market are likely to see the strongest growth. Photo: Xinhua

The mainland property market will continue to grow, but at a slower pace, while developers which focus on the mass market will experience strongest growth, Moody's Investors Service said.

9 May 2013 - 4:39am

Sales of second-hand Hong Kong flats stagnant as buyers wait on price cuts

Buyers are waiting for more aggressive discounting. Photo: Bloomberg

Just eight flats sold at the 10 largest estates tracked by Centaline Property Agency over the weekend, versus 10 the previous weekend. Midland Realty's index of 35 estates fell 5 per cent week on week to 52 sales, which was little more than a third of the 2012 weekly average of 143.

8 May 2013 - 2:34am 5 comments

Q & A with our experts, May 8, 2013

Kent Chui

Q: I have just become a permanent resident and am looking to make Hong Kong my first home. My budget is up to HK$12 million. My shortlisted choices are a one-bedroom flat at Sun Hung Kai Properties' The Arch or a two-bedroom flat at Cheung Kong's Victoria Towers. I would prefer an apartment with a good view but the choices are limited.

8 May 2013 - 2:33am

Lucky Real company in Hong Kong seeks buyers for homes in debt-hit Cyprus

Michel Verdy and wife Lynda. Photo: Jonathan Wong

Rather than sitting back to enjoy his retirement, Michel Verdy embarked on a new mission - looking for Hong Kong buyers interested in purchasing homes in Cyprus.

8 May 2013 - 2:33am 1 comment

Growing number of US homebuyers face shortage of properties for sale

Christian Bell and wife Beth are looking for a new home in a tight market in Grand Rapids. Photo: AP

After a decade as someone else's tenant, the Bells, like a rising number of Americans, are finally ready to buy a home. Yet they're running into an obstacle that's keeping the national housing recovery in check: there aren't enough homes for sale.

8 May 2013 - 2:33am