Home sales

Shenzhen announces tougher measures for new flats

A man receives property development sales brochures from touts in Beijing.

Days after China’s State Council introduced a 20 per cent capital gains tax on home sale profits, Shenzhen announced even tougher measures for new flats. 

Wednesday, 13 March, 2013, 10:13pm 3 comments

Mainland China home prices hit record high last month

Mainland home prices saw a larger than expected year-on-year growth in the first two months of the year.

As of last month, the national average home price hit a record high of 6,637 yuan (HK$8,229) per square metre, an increase of 21 per cent year-on-year, according to data from the National Bureau of Statistics.

13 Mar 2013 - 5:06am

US home prices set for 8pc surge, says Bank of America report

A shortage of homes for sale is pushing up prices. Photo: AFP

Low interest rates, a tight inventory of properties for sale and record affordability are fuelling accelerated price gains, Michelle Meyer, a Bank of America economist, and Chris Flanagan and Justin Borst, mortgage-backed securities strategists, said in a note to investors entitled "Someone say house party?"

13 Mar 2013 - 5:06am

Cooling policies to slow home sales

Vincent Lo Hong-sui. Photo: K. Y. Cheng

The mainland's property curbs in the past decade have been unsuccessful, but the new round of measures will slow property sales, said Vincent Lo Hong-sui, a member of the Chinese People's Political Consultative Conference.

5 Jun 2015 - 9:00am

Cheung Kong aims for record HK$40b homes sales this year

Cheung Kong plans to pre-sell the 1,648-unit joint-venture Lohas Park phase three project in the first half of this year. Photo: Thomas Yau

Bucking the trend of its major rivals which are scaling back their sales targets, Cheung Kong said it would be making more than 5,200 Hong Kong flats and 2,500 mainland units available for sale this year, also a record high.

7 Mar 2013 - 6:12am

Return of capital gains tax on mainland may boost sales of new homes

Ting Lu, China economist at the Bank of America Merrill Lynch. Photo: K. Y. Cheng

Developers may benefit from the reintroduction of a 20 per cent capital gains tax, as homebuyers are expected to respond to the move by shifting from the resale market to the new-homes market, say analysts.

6 Mar 2013 - 4:40am

Property Digest, March 6, 2013

Britain-based consultancy Turner & Townsend has merged its Hong Kong office with H.A. Brechin & Co, chartered quantity surveyors and cost consultants, to form Turner & Townsend Brechin. 

6 Mar 2013 - 4:40am

20% capital gains tax on mainland properties sparks stampede

Home sellers and agents pack the real estate exchange centre in Nanjing as they try to register their property transactions before the 20 per cent tax takes effect. Photo: Xinhua

Real estate exchange centres in Beijing, Shanghai, Nanjing, and Wuhan were packed with property sellers and agents over the weekend, forcing some of them to extend their opening hours until 9 pm, from 5pm on normal days.

6 Mar 2013 - 4:40am

Hong Kong flat sales take hit from cooling measures

Higher stamp duties introduced last month cooled the local home market. Photo: Reuters

Just 38 properties were sold in the 35 major housing estates monitored by real estate agency Midland Realty between February 25 and March 3. That was a 40 per cent drop from the preceding week.

7 May 2015 - 12:50pm

Business Digest, March 5, 2013

Du Jun

SFC fines Manulife Asset Management

5 Mar 2013 - 4:47am

Strong home sales, prices lift Sino Land's results

Strong home sales, prices lift Sino Land's results

Sino Land's underlying profit jumped 80.5 per cent to HK$4.48 billion in the six months to December due to strong property sales as home prices hit new highs. 

28 Feb 2013 - 5:02am

New World Development eyes 30pc growth in flat sales this year

New World Development eyes 30pc growth in flat sales this year

New World Development generated HK$9.2 billion from contracted sales in the previous financial year. The company planned to generate between HK$11 billion and HK$12 billion from contracted sales. It aims to sell 3,300 flats.

28 Feb 2013 - 5:02am

Housing rents seen to rise faster as new stamp duty hits home purchases

Rents are expected to rise at a faster pace in the second half of this year as demand for rental accommodation increases. Photo: AP

Rents will rise at a faster pace in the second half of this year as demand for rental accommodation increases as a result of homebuyers hold off on making purchases while they digest the impact of the latest round of measures aimed at curbing property speculation, agents say.

7 May 2015 - 12:48pm

Market for cheaper flats expected to recover faster than luxury segment

Pedestrians walk on a footbridge in front of a row of high-rise buildings under construction. Photo: AP

Sales of homes worth HK$20 million or higher froze over the weekend, but demand among first-home buyers stayed healthy despite higher property tax as they took advantage of discounts.

7 May 2015 - 12:48pm

Extra stamp duty 'to hit speculators only', says financial secretary Tsang

Financial Secretary John Tsang Chun-wah. Photo: Dickson Lee

Genuine home buyers will not be affected by property cooling measures, Financial Secretary John Tsang Chun-wah said yesterday, adding that the higher stamp duties imposed on Friday would not apply to about 50 per cent of local buyers.

7 May 2015 - 12:48pm 17 comments