Home sales

Tsuen Wan flat sales rise after waterfront site goes for high price

The Tsuen Wan waterfront land sale triggered a jump in the number of transactions in Luk Yeung Sun Chuen.

Home sales volumes in Tsuen Wan were boosted last week by bargain hunters betting that the high price paid for a waterfront site in the area would drive flat values higher.

Wednesday, 30 January, 2013, 4:07am

Hang Lung's aquamarine flats finally go on market

Sun Hung Kai Properties yesterday sold more than 30 units at The Wings II development in Tseung Kwan O, and released a price list for 24 more Wings II units. Photo: Nora Tam

After leaving them empty for five years, Hang Lung Properties yesterday priced 10 flats at its AquaMarine development in Cheung Sha Wan about 15 per cent higher than current secondary transactions in nearby developments.

24 Jan 2013 - 4:58am

Flat prices rise after CY Leung fails to increase supply

In response to the strong demand over the weekend, sellers were encouraged to raise prices, with the result that some deals drew new record prices. Photo: AP

Home buyers stormed back into the market at the weekend, pushing prices to record levels in some estates after Chief Executive Leung Chun-ying failed to offer a quick fix for the tight home supply in his inaugural policy address.

23 Jan 2013 - 2:05pm

Demand to keep mainland property market buoyant, say bank analysts

Ma Jun, chief China economist at Deutsche Bank. Photo: SCMP

Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales volumes and prices in 2012, according to analysts.

Home prices, especially in major cities, could be pushed higher as inventory stocks drop, which might trigger expectations for further policy measures to regulate the market, the analysts said.

23 Jan 2013 - 4:47am

Probable US home sales rise points to recovery

Combined purchases of new and existing properties climbed to a 5.49 million annual rate last month, the highest level since November 2009. Photo: Bloomberg

Sales of US homes probably rose in December to the highest level in three years as the industry headed toward a more rooted recovery in 2013, economists said before reports this week.

23 Jan 2013 - 4:47am

CY Leung threatens a vacancy tax on unsold new flats

Chief Executive Leung Chun-ying warns that the government may impose a vacancy tax on unsold new homes to stop developer hoarding. Photo: David Wong

The government would not rule out the possibility of imposing a vacancy tax on unsold new homes to stop developer hoarding, Chief Executive Leung Chun-ying warned yesterday.

21 Jan 2013 - 7:22am 18 comments

Mainland housing boom continues

Analysts say mainland home-seekers have been returning to the property market in anticipation of a better outlook. Photo: AP

More mainland cities saw home prices rise last month, leading to concerns there could be further government measures to cool the housing market.

Prices climbed in the most cities in 20 months with 54 of the 70 cities reporting price gains, according to data tracked by the National Bureau of Statistics. This compared with 53 in November.

19 Jan 2013 - 5:12am

Developers extend rally amid absence of curbs

Midland is also among the beneficiaries from Leung Chun-ying's policy address. Photo: Edward Wong

Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive.

Cheung Kong, Sun Hung Kai Properties and Henderson Land Development rose between 0.5 per cent and 1 per cent as analysts expected home sales transactions to pick up now.

18 Jan 2013 - 5:27am

Both good and bad news in China's property rebound

Both good and bad news in China's property rebound. Photo: Reuters

Last week China Vanke, the country's biggest residential property developer, announced that home sales last month leapt an impressive 140 per cent compared with December 2011.

14 Jan 2013 - 3:01am

Flat launches will give Hong Kong housing market a boost, analysts say

High Place in Kowloon City, where 30 flats have been sold since Saturday. Photo: May Tse

Upcoming flat launches are expected to give the local home market a boost amid improved buying sentiment after the Christmas and New Year's holiday break, say agents and property analysts.

9 Jan 2013 - 3:26am

Property Digest, January 9, 2013

Alva To, North Asia head of the consultancy department at DTZ. Photo: SCMP

Home sales in Hong Kong will continue to feel the effects of government policies in the near future, according to property consultant DTZ.

9 Jan 2013 - 3:26am

Tax will not hit sales this year, says Kerry

Kerry Real Estate Agency executive director Chu Ip-pui says most of its projects for sale this year target local buyers. Photo: Sam Tsang

Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.

7 Jan 2013 - 4:31am

UK house prices fall amid weak economy

UK house prices fall amid weak economy. Photo: Bloomberg

Britain's house prices declined last month and may fall "modestly" this year, because of a weak economic recovery, Nationwide Building Society said.

The average cost of a home slipped 0.1 per cent to £162,262 (HK$2.05 million), the lender said yesterday. From a year earlier, values fell 1 per cent.

4 Jan 2013 - 2:48am

Housing curbs take toll as transactions slump 53pc

In contrast to sales volume, home prices rebounded last month.

Home sales fell last month to their lowest level since late 2008, at the start of the global financial crisis, indicating government measures have succeeded in curbing demand.

The number of residential transactions plunged 53.3 per cent to 3,286 from November, while the total value tumbled 59.1 per cent to HK$17.2 billon, data released by the Land Registry yesterday showed.

4 Jan 2013 - 4:13pm

Hong Kong property sales up 6 per cent in 2012

Hong Kong property sales up 6 per cent in 2012

Property sales in Hong Kong are expected to have risen 6 per cent last year, with the total value of deals climbing to a two-year high thanks to rapid growth in home prices.

1 Jan 2013 - 5:30am