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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