Home sales

Q & A with our experts, March 27, 2013

Sammy Po

Q: I planned to buy a flat. I heard that buyers have to face a tougher stress test under the new cooling measures released by the government. I'm wondering how it affects my purchase plan.

Monday, 28 October, 2013, 11:41am

Cheung Kong aims for 5b yuan in Shanghai flat sales

Justin Chiu Kwok-hung

This represents a significant increase in the company's residential sales on the mainland, which were close to two billion yuan last year, despite the central government maintaining a tight grip on the housing market.

25 Mar 2013 - 3:37am

Agents shut shops as curbs put sales on ice

Investors and speculators are staying away from the residential market, forcing some agents to shut up shop. Photo: Nora Tam

Property agents across the city are closing their branches as a series of government property-cooling measures continues to bite. Investors and speculators have been forced out of the market following the introduction of the measures, leaving estate agents battling to stay afloat amid the resulting plunge in sales activity.

7 May 2015 - 12:48pm

Comparisons can solve gross problem

Sun Hung Kai Properties' Riva development. Photo: May Tse

How strange it is to find myself agreeing with those vampire squids from the Real Estate Developers Association. REDA members have made the most outlandish profits by misleading and distorting the true sizes of flats people have bought over the decades, while the government looked on.

21 Mar 2013 - 2:50am 3 comments

Home sales confusion looms ahead of new law

Sun Hung Kai Properties has put its Riva flats on show ahead of the new law. Photo: May Tse

The new law on flat sales may end up confusing buyers when it comes into force next month, as developers put out multiple brochures for the same projects. Preparations are in full swing before the law - aimed at shielding buyers from dishonest practices - takes effect on April 29.

20 Mar 2013 - 5:43am

Taxation measures influence market

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide.

Policy measures relating to taxation and lending conditions can significantly influence buyers worldwide, including luxury home buyers, says Christie's International Real Estate.

20 Mar 2013 - 5:22am

Second-hand home transactions hit historic lows

Hong Kong Ferry's Green Code project in Fanling has sold 350 units since it was launched last week. Photo: Nora Tam

Home sales in the secondary market have plunged to historical lows, hit by increased mortgage rates and developers' competitive pricing strategies on new developments that have lured home seekers away from the second-hand housing sector.

20 Mar 2013 - 8:42am

Q & A with our experts, March 20, 2013

Patrick Chow

Q:I have saved about HK$500,000. I want to use it for the down payment for a mortgage on my first home. Where can I find properties priced slightly over HK$2 million? What are the options?

7 May 2015 - 12:48pm

Singapore new-home sales dive 65pc last month

Private condominium at Tanjong Rhu in Singapore. Photo: Reuters

New private home sales in Singapore plunged 65 per cent last month from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed.

20 Mar 2013 - 5:22am

Expats dazed and confused by stamp duty

Some non-permanent residents are rethinking their plans to buy because of the stamp duty. Photo: SCMP

New stamp duties rolled out over the last few months to try and cool the property market have been a big blow for expatriates in Hong Kong - and a matter of some confusion.

7 May 2015 - 12:48pm

Higher mortgage rates hit sales of new homes over weekend

Potential buyers browse a model replica of Hong Kong Ferry's Green Code project, which sold 52 flats over the weekend. Photo: Nora Tam

First-hand home sales were slack over the weekend as homebuyers adopted a "wait-and-see" stance after major banks in the city raised mortgage rates.

Some 90 new flats were sold on Saturday and Sunday, mainly at Hong Kong Ferry's Green Code project in Fanling, and The Reach in Yuen Long by Henderson Land and New World Development.

18 Mar 2013 - 2:53am

Ring-fence quota of Hong Kong flats for locals, says expert

Shih Wing-ching. Photo: May Tse

Shih Wing-ching, co-founder of Centaline Property Agency, said his proposal would make flats more affordable for younger buyers without having too much adverse impact on the overall property market.

18 Mar 2013 - 7:27am

Homebuyers face squeeze on mortgage payment protection insurance

CEO Raymond Li is watching the market closely.

The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates.

17 Mar 2013 - 5:39am

Hong Kong secondary home sales plunge to Sars-era levels

A Midland branch in Happy Valley. The property agency says the industry is heading for hard times as sales decline. Photo: Jonathan Wong

Property agency Midland said the number of real estate agents and branches might drop by nearly one-third if the government kept its tight grip on the housing market.

16 Mar 2013 - 3:58am

Hong Kong's new homebuyers hit by rise in interest rates

Advertisements outside a property agency in Quarry Bay. People are less confident about buying than earlier in the year, a survey shows. Photo: Dickson Lee

Centaline Property Agency said last night that some owners had immediately slashed their asking prices. A 922 sq ft flat in Taikoo Shing was on offer for HK$13 million, a reduction of 7 per cent. Other owners dropped their prices by up to 10 per cent.

14 Mar 2013 - 2:13pm