• Fri
  • Dec 26, 2014
  • Updated: 4:14pm

Home sales

Demand for flats falls by half in wake of stamp duty rises

Barry Cheung Chun-yuen, Executive Council member and chairman of Urban Renewal Authority. Photo: Jonathan Wong

Developers hoping to complete sales programmes looked for ways to fight the impact of sharp increases in stamp duties. They increased the commission for agents - some of whom were passing on the increase to buyers to make up for the extra duty they will pay.

Sunday, 24 February, 2013, 5:02am 8 comments

Property Digest, February 20, 2013

Hong Kong's industrial properties saw an encouraging performance in both leasing and sales in the fourth quarter of last year, according to Colliers International's Hong Kong industrial research and forecast report. 

20 Feb 2013 - 4:40am

Flat sales down because of holiday

David Chan, Director of Ricacorp Properties. Photo: SCMP

Just 88 flats were sold from February 11 to 17 on the 50 major housing estates in Hong Kong monitored by agency Ricacorp Properties, down 19 per cent from 108 the previous week.

20 Feb 2013 - 4:40am

Affordable-housing sales poor in tier-one mainland cities

Subsidised flats are too dear for low earners. Photo: Bloomberg

Sales of government-subsidised housing in Shanghai and Beijing have been disappointing because those who qualify for such flats cannot afford the high purchase prices, agents and property analysts say.

20 Feb 2013 - 4:40am

Home sellers on mainland raise prices after holiday sales boom

Workers on a residential site in Beijing, where some prices have gone up five to 10 per cent since the Lunar New Year. Photo: Bloomberg

Data from the China Index Academy, a unit of SouFun Holdings, shows 21 of 27 cities recorded a rise in sales from February 4 to 17 compared with the same period last year, with average prices in 14 cities nearly doubling.

20 Feb 2013 - 4:40am

New US housing starts expected to have cooled in January, analysts say

US market probably cooled in January. Photo: AFP

Builders started work on 920,000 houses at an annual rate following December's 954,000 pace, which was the fastest since June 2008, according to the median forecast of 73 economists surveyed by Bloomberg before Commerce Department data is released later today. 

20 Feb 2013 - 4:40am

Singapore home sales rise 43pc in wake of cooling action

Singapore has been attempting to rein in home prices since 2009.

Singapore home prices reached a record high in the fourth quarter amid low interest rates, raising concerns of a housing bubble and prompting the government to introduce its seventh round of cooling measures.

20 Feb 2013 - 4:40am

China Digest, February 18, 2013

Sales of consumer goods totalled 1.7 billion yuan (HK$2.09 billion) for the week-long Lunar New Year holiday in Lanzhou, a 21 per cent increase from the holiday last year, Xinhua reports, citing figures from the municipal commerce bureau.

18 Feb 2013 - 4:57am

No holiday for property agents as flats snapped up

Sun Hung Kai Properties agents get down to serious business at the launch of Residence 88 in Yuen Long. Photo: Edward Wong

Sun Hung Kai Properties, which launched Residence 88 in Yuen Long on Wednesday, said the project attracted a keen response. The developer expected about 100 flats to be sold by the end of the night.

14 Feb 2013 - 5:05am

Business Digest, February 7, 2013

Now TV signed its exclusive deal to broadcast English Premier League football matches in Hong Kong for three seasons.

Hong Kong and Shanghai-listed China Cosco Holdings could face a revolt by minority shareholders in China as it risks being delisted from the Shanghai stock exchange when it posts its third net loss in a row. 

7 Feb 2013 - 5:16am

Beijing property prices rising sharply beyond reach of some buyers

China must roll out new measures to combat speculative housing demand as risks of a home price rebound rise. Photo: Reuters

Data from the China Index Academy, a unit of SouFun holdings, China's biggest real estate website operator, shows that the average price of a new home in 100 major cities recorded an eight successive month-on-month rise in January, to 9,812 yuan per square metre. That represented an increase of 0.03 per cent from December and on a year-on-year basis prices were up 1.2 per cent - the first annualised rise in prices in nine months.

6 Feb 2013 - 4:59am

Flat sales to remain buoyant after Lunar New Year, say agents

Some 100 units were sold in SHKP's The Wings II development in Tseung Kwan O. Photo: Nora Tam

Sammy Po Siu-ming, a director of real estate agency Midland Realty, said that after the strong sales performance in January he expected developers to become more aggressive with launches of new flats during the Lunar New Year holiday.

6 Feb 2013 - 4:59am

Property Digest, February 6, 2013

Hong Kong home prices are likely to rise or fall no more than a mild 5 per cent thisyear. However, limited supply will drive up rents by about 10 per cent, according to Knight Frank.

6 Feb 2013 - 4:59am

Hong Kong home sales spike as locals jump in to buy

Residential blocks are reflected on the glass panes of a business tower in North Point. Photo: Reuters

Home sales rebounded sharply last month, driven by local buyers unaffected by the government's new stamp duty provisions targeting overseas and corporate investors.

Fuelled by excess liquidity and low interest rates, agents say the sales momentum will extend to next month as residential transactions continue to grow.

5 Feb 2013 - 7:31am

Fears of more intervention as home sales rebound

Home sales have improved in the primary and secondary markets, despite government curbs. Photo: AFP

Sales and prices have improved despite a decline in demand from mainland and corporate buyers, whose purchases have slowed since the authorities introduced taxes aimed at non-local and corporate buyers late last year.

4 Feb 2013 - 4:16am