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Home sales

Q & A with our experts, April 10, 2013

Q: I'm renting a three-bedroom flat at City One Shatin. I'm interested in buying a flat in the district. However, the asking price of a similar flat is about HK$7 million, which is beyond my budget of about HK$5.5 million.

Wednesday, 10 April, 2013, 5:43am

Developers rush to sell flats before new curbs start

Sun Hung Kai Properties has started a soft launch of its Riva development in Yuen Long that offers about 780 units, with 25 blocks of low-density luxury apartments and 48 riverside garden houses.

5 Apr 2013 - 5:53am

Hong Kong home sales sink but worst still to come

Home sales dropped nearly 30 per cent last month, with analysts predicting the worst is yet to come. According to the Land Registry, 4,534 flats changed hands in March, a 28.1 per cent drop from February.

4 Apr 2013 - 4:06am

China home sales set to fall 50pc after new curbs

As of the end of last month, mainland cities such as Beijing, Shanghai, Chongqing, Xiamen, Hefei, Tianjin, Guangzhou and Shenzhen had met a central government deadline on issuing detailed property-cooling measures.

2 Apr 2013 - 6:37am

Beijing is only treating the symptoms, not their cause

Last week the authorities in several of China's biggest cities slapped a 20 per cent capital gains tax on homeowners who sell their properties.

Their latest attempt to rein in runaway property prices comes just days after regulators launched a new crackdown on China's ballooning shadow banking system.

1 Apr 2013 - 4:04am

Four more cities issue property cooling measures

Shenzhen, Tianjin, Jinan and Hefei have become the latest batch of cities to meet a central government deadline on issuing detailed measures to cool the property market. Tianjin said a 20 per cent capital gains tax would be imposed on second-hand property transactions in the city. However, Shenzhen, Hefei and Jinan did not mention a capital gains tax specifically.

 

2 Apr 2013 - 4:46am

Little hope that latest cooling measures will ease property costs

These days, mainlanders and Hongkongers may not see eye to eye on many things - political developments in Hong Kong and even the number of baby formula tins that may be bought, to name two examples. But there is one thing that is sure to rile both sides - property prices soaring far beyond the means of ordinary people.

1 Apr 2013 - 5:32am 3 comments

Real estate agents get help to fight corruption

The Independent Commission Against Corruption has issued anti-corruption guidelines for the highly competitive real estate industry which is expected to be even more cut-throat following measures to curb home prices.

1 Apr 2013 - 5:06am 1 comment

Big cities announce capital gains tax on second-hand properties

Beijing, Chongqing and Shanghai will levy a 20 per cent capital-gains tax on second-hand property transactions.

31 Mar 2013 - 8:01am

Hong Kong's new disclosure rules on flats not enough

There are few ways to guarantee profits in a free market. One is monopoly; another is asymmetric information. Our largest developers have, for a long time, enjoyed advantages in both. So a new law - which aims to protect buyers from dishonest practices and which takes effect at the end of April - is long overdue. 

31 Mar 2013 - 2:08am 2 comments

K Wah keeps the faith despite curbs

K Wah International, the mid-tier developer, plans to speed up sales of mainland projects to offset the impact of cooling measures on both sides of the border.

28 Mar 2013 - 6:31am

Socam to cash out China projects

Property developer and contractor Socam Development will aggressively cash in its mainland properties and pursue opportunities in Hong Kong's expanded building programme for public housing and infrastructure.

28 Mar 2013 - 6:31am

Shanghai secondary sales set for record high in rush to beat levies

Sales of secondary homes in Shanghai may hit a record high this month as sellers rush to avoid having to pay the 20 per cent capital gains tax flagged by the government earlier this month.

27 Mar 2013 - 5:44am

Britain's Help to Buy homes plan a mixed blessing for Hong Kong

As part of his latest budget, Chancellor of the Exchequer George Osborne introduced Help to Buy, a combination of shared-equity loans for buyers and mortgage guarantees for lenders. The plan is open to first-time buyers and home movers, but not Hong Kong investors or other second-home buyers, although they will be indirectly affected.

27 Mar 2013 - 5:44am

Sun Hung Kai Properties' Riva to offer buyers large properties

In a break from the trend by developers to release smaller new homes, Sun Hung Kai Properties has launched a low-density riverside luxury residential project in Yuen Long that may appeal to those looking to upgrade to larger houses.

27 Mar 2013 - 5:44am